European Market Infrastructure Regulation

Consultation Paper - Technical standards for commodity derivatives - MiFIDII Recovery Package

Retrieved on: 
Thursday, May 27, 2021
Feminine given names, Financial markets, Financial regulation, Systemic risk, Finance, European Union, European Securities and Markets Authority, Esma, Directive 2014/65/EU, European Market Infrastructure Regulation

The European Securities and Markets Authority (ESMA), as part of the post-CovidMiFID II Recovery Package, is seeking input from market participants on its draft Technical Standards for commodity derivatives.

Key Points: 
  • The European Securities and Markets Authority (ESMA), as part of the post-CovidMiFID II Recovery Package, is seeking input from market participants on its draft Technical Standards for commodity derivatives.
  • Responding to this paper

    ESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1.

  • All contributions should be submitted online at www.esma.europa.eu under the heading Your input Consultation Paper on the impact of position limits and position management and on weekly position reports.
  • ESMA will finalise the draft technical standards and submit a final report to the European Commission for endorsement by November 2021.

Oasis Statement on Shareholder Proposals for a Governance Turnaround at Toyo Seikan

Retrieved on: 
Wednesday, May 26, 2021
Professional services, Finance, Corporate law, Companies, Articles, Securities Financing Transactions Regulation, Economy, Toyo Seikan, Corporate governance, European Market Infrastructure Regulation, Securities market

With over 100 years of rich history and experience, Toyo Seikan should lead as an example for best-in-class corporate governance in Japan.

Key Points: 
  • With over 100 years of rich history and experience, Toyo Seikan should lead as an example for best-in-class corporate governance in Japan.
  • Oasis is a long-term engagement investor in Japan and has repeatedly sought to engage with Toyo Seikan on improving its governance.
  • Seth Fischer, Founder & Chief Investment Officer of Oasis, said:
    Now is the time for shareholders to take action to call for a governance turnaround at Toyo Seikan.
  • Oasis calls on all Toyo Seikan shareholders to vote FOR the Oasis proposals at the upcoming AGM to help Toyo Seikan significantly improve its corporate governance and corporate value.

ESMA PUBLISHES GUIDELINES ON THE CALCULATION OF POSITIONS UNDER SFTR

Retrieved on: 
Wednesday, May 26, 2021
Financial markets, Finance, Money, Securities Financing Transactions Regulation, Systemic risk, Financial regulation, European Market Infrastructure Regulation, Securities lending, Securities market, Repurchase agreement, Security

25 May 2021

Key Points: 
  • 25 May 2021

    Market data

    Post Trading

    Securities Financing Transactions

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, publishes today the Final Report on Guidelines on the calculation of positions in SFTs by Trade Repositories (TRs) under the Securities Financing Transactions Regulation (SFTR).

  • The purpose of the Guidelines is to ensure that a uniform methodology is used under EMIR and SFTR, while taking into account the specificities of Securities Financing Transactions (SFT) Reporting.
  • Consistency in position calculation produces high-quality position data, which is necessary for the assessment of systemic risks to financial stability.
  • They contain relevant clarifications to Trade Repositories (TRs) as to:

    Next steps

    The Guidelines will apply from 31 January 2022.

ESMA PUBLISHES GUIDELINES ON THE CALCULATION OF POSITIONS UNDER SFTR

Retrieved on: 
Wednesday, May 26, 2021
Financial markets, Finance, Money, Securities Financing Transactions Regulation, Systemic risk, Financial regulation, European Market Infrastructure Regulation, Securities lending, Securities market, Repurchase agreement, Security

25 May 2021

Key Points: 
  • 25 May 2021

    Market data

    Post Trading

    Securities Financing Transactions

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, publishes today the Final Report on Guidelines on the calculation of positions in SFTs by Trade Repositories (TRs) under the Securities Financing Transactions Regulation (SFTR).

  • The purpose of the Guidelines is to ensure that a uniform methodology is used under EMIR and SFTR, while taking into account the specificities of Securities Financing Transactions (SFT) Reporting.
  • Consistency in position calculation produces high-quality position data, which is necessary for the assessment of systemic risks to financial stability.
  • They contain relevant clarifications to Trade Repositories (TRs) as to:

    Next steps

    The Guidelines will apply from 31 January 2022.

ESMA CLOSED FOR PUBLIC HOLIDAY ON MONDAY 24 MAY

Retrieved on: 
Saturday, May 22, 2021
Feminine given names, Given names, Financial markets, Agencies of the European Union, European Union, Esma, European Securities and Markets Authority, NWE, European Market Infrastructure Regulation, Committee of European Securities Regulators

b'The European Securities and Markets Authority (ESMA) will be closed on Monday 24 May.\nWe will reopen on Tuesday 25 May.\n'

Key Points: 

b'The European Securities and Markets Authority (ESMA) will be closed on Monday 24 May.\nWe will reopen on Tuesday 25 May.\n'

ESMA CLOSED FOR PUBLIC HOLIDAY ON MONDAY 24 MAY

Retrieved on: 
Saturday, May 22, 2021
Feminine given names, Given names, Financial markets, Agencies of the European Union, European Union, Esma, European Securities and Markets Authority, NWE, European Market Infrastructure Regulation, Committee of European Securities Regulators

b'The European Securities and Markets Authority (ESMA) will be closed on Monday 24 May.\nWe will reopen on Tuesday 25 May.\n'

Key Points: 

b'The European Securities and Markets Authority (ESMA) will be closed on Monday 24 May.\nWe will reopen on Tuesday 25 May.\n'

ESMA PUBLISHES ANNUAL PEER REVIEW OF EU CCP SUPERVISION

Retrieved on: 
Friday, April 9, 2021
Systemic risk, Financial markets, Finance, Money, European Union, Corporate law, Financial regulation, European Market Infrastructure Regulation, European Securities and Markets Authority, Single Supervisory Mechanism, Stress test, Central counterparty clearing

08 April 2021

Key Points: 
  • 08 April 2021

    CCP Directorate

    Supervisory convergence

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published itsannual peer review reporton the supervision of EU Central Counterparties (CCPs) by National Competent Authorities (NCAs).

  • The Peer Review measured the effectiveness of NCA supervisory practices in assessing CCP compliance with EMIRs requirements on liquidity stress testing.
  • However, the peer review showed that the assessment of some areas of liquidity stress testing was not always performed or being evidenced sufficiently.
  • The CCP Supervisory Committee is mandated to conduct, at least annually, a peer review analysis of the supervisory activities of all NCAs in relation to the authorisation and the supervision of CCPs in accordance with Article 30 of Regulation (EU) No 1095/2010 (ESMA Regulation).

ESMA PUBLISHES DRAFT REGULATORY TECHNICAL STANDARDS ON CHANGES TO CCPS’ ACTIVITIES AND MODELS

Retrieved on: 
Friday, April 9, 2021
Financial markets, Systemic risk, Finance, Agencies of the European Union, European Union, Money, Financial regulation, European Market Infrastructure Regulation, Central counterparty clearing, European Securities and Markets Authority, Esma, Regulation

The European Securities and Markets Authority, the EUs securities markets regulator, today published its Final Report containing draft regulatory technical standards (RTS) relating to changes to central counterparty (CCP) services and activities, as well as models and parameters under the European Markets Infrastructure Regulation (EMIR).

Key Points: 
  • The European Securities and Markets Authority, the EUs securities markets regulator, today published its Final Report containing draft regulatory technical standards (RTS) relating to changes to central counterparty (CCP) services and activities, as well as models and parameters under the European Markets Infrastructure Regulation (EMIR).
  • Prior to making any significant change to its risk models or parameters, a CCP must also obtain validation from its competent authority and ESMA (Article 49).
  • The European System of Central Banks, the European Banking Authority and other relevant authorities have contributed to the drafting of the RTS.
  • ESMA submits the draft RTS to the European Commission for endorsement, following which the Commission Delegated Regulation will be subject to the non-objection of the European Parliament and the Council.

ESMA PUBLISHES ANNUAL PEER REVIEW OF EU CCP SUPERVISION

Retrieved on: 
Friday, April 9, 2021
Systemic risk, Financial markets, Finance, Money, European Union, Corporate law, Financial regulation, European Market Infrastructure Regulation, European Securities and Markets Authority, Single Supervisory Mechanism, Stress test, Central counterparty clearing

08 April 2021

Key Points: 
  • 08 April 2021

    CCP Directorate

    Supervisory convergence

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published itsannual peer review reporton the supervision of EU Central Counterparties (CCPs) by National Competent Authorities (NCAs).

  • The Peer Review measured the effectiveness of NCA supervisory practices in assessing CCP compliance with EMIRs requirements on liquidity stress testing.
  • However, the peer review showed that the assessment of some areas of liquidity stress testing was not always performed or being evidenced sufficiently.
  • The CCP Supervisory Committee is mandated to conduct, at least annually, a peer review analysis of the supervisory activities of all NCAs in relation to the authorisation and the supervision of CCPs in accordance with Article 30 of Regulation (EU) No 1095/2010 (ESMA Regulation).

Customer Experience Innovator Jason Ten-Pow Announces the Much-Anticipated Release of his New Book: 'Unbreakable': A Proven Process for Building Unbreakable Relationships with Customers

Retrieved on: 
Thursday, April 8, 2021
Financial markets, Systemic risk, Finance, Money, Corporate law, Financial regulation, European Union, European Market Infrastructure Regulation, Central counterparty clearing, ACT, European Securities and Markets Authority

Ten-Pow provides a proven process for creating unbreakable relationships with customers.

Key Points: 
  • Ten-Pow provides a proven process for creating unbreakable relationships with customers.
  • "In today's environment, every company says, 'We know our customers; we love our customers and they love our brand,'" Ten-Pow said.
  • In my book, I share with readers the 'secret sauce' to building and prioritizing the unbreakable customer relationships that help brands increase revenue and profit."
  • Unbreakable: A Proven Process for Building Unbreakable Relationships with Customerslaunched today April 8, with downloads available on Amazon.