Systemic risk

ESMA CONSULTS ON EMIR REPORTING GUIDELINES

Retrieved on:

Wednesday, July 14, 2021

Financial regulation, Systemic risk, Corporate law, European Market Infrastructure Regulation, Business law, Economy, Articles, Financial markets, Derivative, Securities market, Trade Repository, Securities Financing Transactions Regulation

13 July 2021

Key Points:

13 July 2021
Market data

Post Trading

Trade Repositories

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today launched apublic consultation onits draft Guidelines for derivatives reporting under EMIR.
The Consultation Paper (CP) includes draft Guidelines on a wide range of topics related to reporting, data quality and data access under EMIR Refit.
The Consultation paper focuses on:
The Draft Guidelines also clarify important aspects of the procedures to be implemented by reporting entities and Trade Repositories to enhance data quality.
The proposed Guidelines, together with the validation rules, complement the revised draft EMIR technical standards on reporting by counterparties, data quality and data access.

ESMA publishes methodology for assessing third country CCPs systemic importance

Retrieved on:

Wednesday, July 14, 2021

Systemic risk, Finance, Financial markets, Settlement, Money, Financial regulation, Central counterparty clearing, Corporate law, European Market Infrastructure Regulation, Clearing

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today published a methodology for assessing whether a third country central counterparty (TC-CCP) or some of its clearing services are of such substantial systemic importance that the TC-CCP should not be recognised to provide certain clearing services or activities in the European Union.

Key Points:

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today published a methodology for assessing whether a third country central counterparty (TC-CCP) or some of its clearing services are of such substantial systemic importance that the TC-CCP should not be recognised to provide certain clearing services or activities in the European Union.
The methodology has been developed by ESMAs CCP Supervisory Committee and is based on the requirements of Article 25 (2c) of EMIR.

ESMA CONSULTS ON EMIR REPORTING GUIDELINES

Retrieved on:

Wednesday, July 14, 2021

13 July 2021

Key Points:

13 July 2021
Market data

Post Trading

Trade Repositories

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today launched apublic consultation onits draft Guidelines for derivatives reporting under EMIR.
The Consultation Paper (CP) includes draft Guidelines on a wide range of topics related to reporting, data quality and data access under EMIR Refit.
The Consultation paper focuses on:
The Draft Guidelines also clarify important aspects of the procedures to be implemented by reporting entities and Trade Repositories to enhance data quality.
The proposed Guidelines, together with the validation rules, complement the revised draft EMIR technical standards on reporting by counterparties, data quality and data access.

U.S. Bank Names Tendayi Kapfidze as Head of Economic Analysis

Retrieved on:

Tuesday, July 13, 2021

Banking, Other Professional Services, Professional services, Finance, Systemic risk, CCAR, Current Expected Credit Losses, Stress test, Tendayi, Articles

U.S. Bank announced today that it has named Tendayi Kapfidze as its new head of economic analysis.

Key Points:

U.S. Bank announced today that it has named Tendayi Kapfidze as its new head of economic analysis.
View the full release here: https://www.businesswire.com/news/home/20210713006063/en/
U.S. Bank Names Tendayi Kapfidze as Head of Economic Analysis (Photo: Business Wire)
In this role, Kapfidze will build on U.S. Banks existing economic research capabilities supporting our client-facing businesses as well as economic scenario analysis supporting, among other things, treasure balance sheet management activities, CCAR stress testing and CECL modeling processes.
During his time there, he was responsible for analysis of the U.S. economy with a focus on housing and mortgage trends.
Tendayi has great expertise and a strong track record in macroeconomic and financial analysis, said Jennifer Thompson, executive vice president, investor relations and economic analysis.

ESMA publishes methodology for assessing third country CCPs systemic importance

Retrieved on:

Tuesday, July 13, 2021

Systemic risk, Finance, Financial markets, Settlement, Money, Financial regulation, Central counterparty clearing, Corporate law, European Market Infrastructure Regulation, Clearing

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today published a methodology for assessing whether a third country central counterparty (TC-CCP) or some of its clearing services are of such substantial systemic importance that the TC-CCP should not be recognised to provide certain clearing services or activities in the European Union.

Key Points:

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today published a methodology for assessing whether a third country central counterparty (TC-CCP) or some of its clearing services are of such substantial systemic importance that the TC-CCP should not be recognised to provide certain clearing services or activities in the European Union.
The methodology has been developed by ESMAs CCP Supervisory Committee and is based on the requirements of Article 25 (2c) of EMIR.

ESMA consults on the review of transparency requirements under MiFIR

Retrieved on:

Saturday, July 10, 2021

Money, Financial regulation, Financial markets, Economy, Systemic risk, Directive 2014/65/EU, European Union, European Securities and Markets Authority

09 July 2021

Key Points:

09 July 2021
The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today launched a Consultation Paper on the review of the regulatory technical standards RTS 1 equity and RTS 2 non-equity transparency on transparency requirements under the Markets in Financial Instruments Regulation (MiFIR).
The Consultation Paper focuses on technical issues and addresses topics that do not require a prior change of MiFID II/MiFIR.
The review includes:
This Consultation Paper reflects the findings and recommendations of various MiFID review reports published by ESMA in 2019 and 2020 as well as the feedback provided by stakeholders on necessary amendments to the two RTS over the last years.
This includes the call for evidence published in 2020 as well as reflecting ESMAs work on improving OTC data quality.

ESMA consults on the review of transparency requirements under MiFIR

Retrieved on:

Friday, July 9, 2021

Money, Financial regulation, Financial markets, Economy, Systemic risk, Directive 2014/65/EU, European Union, European Securities and Markets Authority

09 July 2021

Key Points:

09 July 2021
The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today launched a Consultation Paper on the review of the regulatory technical standards RTS 1 equity and RTS 2 non-equity transparency on transparency requirements under the Markets in Financial Instruments Regulation (MiFIR).
The Consultation Paper focuses on technical issues and addresses topics that do not require a prior change of MiFID II/MiFIR.
The review includes:
This Consultation Paper reflects the findings and recommendations of various MiFID review reports published by ESMA in 2019 and 2020 as well as the feedback provided by stakeholders on necessary amendments to the two RTS over the last years.
This includes the call for evidence published in 2020 as well as reflecting ESMAs work on improving OTC data quality.

American Aires Announces Option Grant

Retrieved on:

Thursday, July 8, 2021

United States Securities Regulation, Financial regulation, United States securities law, 73rd United States Congress, U.S. Securities and Exchange Commission, Financial markets, Systemic risk, Finance, Business law

Such forward-looking information reflects management's current beliefs and is based on information currently available to management.

Key Points:

Such forward-looking information reflects management's current beliefs and is based on information currently available to management.
No securities regulatory authority has either approved or disapproved of the contents of this news release.
Not intended for distribution to United States Newswire Services or for dissemination in the United States.
Any failure to comply with this restriction may constitute a violation of United States Securities laws.

Pinnacle Financial Partners Announces Dates for Second Quarter 2021 Earnings Release and Conference Call

Retrieved on:

Thursday, July 8, 2021

Banking, Professional services, Finance, Pinnacle Financial Partners, Mortgage loan, Finance, Money, Great Recession in the United States, Primary dealers, Economy, Presidency of Barack Obama, Systemic risk

Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its second quarter 2021 financial results on Tuesday, July 20, 2021, after market close.

Key Points:

Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its second quarter 2021 financial results on Tuesday, July 20, 2021, after market close.
The second quarter 2021 earnings release will be available on the investor relations page of Pinnacle's website at www.pnfp.com .
Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution.
Pinnacle earned a spot on the 2021 list of 100 Best Companies to Work For in the U.S., its fifth consecutive appearance.

Provable Markets Partners with DTCC on their Forthcoming SFT Clearing Service

Retrieved on:

Wednesday, June 30, 2021

Finance, Money, Financial markets, Settlement, Central Securities Depositories, Systemic risk, Depository Trust & Clearing Corporation, Central counterparty clearing, DTCC, Security, Clearing, ACT

NEW YORK, June 30, 2021 /PRNewswire/ -- Provable Markets LLC (Provable Markets) is proud to announce its role as an Approved SFT Submitter for The Depository Trust & Clearing Corporation's (DTCC) proposed Securities Financing Transactions (SFT) Clearing Service (SFT Clearing Service), set to launch in the third quarter of 2021, subject to regulatory approval.

Key Points:

NEW YORK, June 30, 2021 /PRNewswire/ -- Provable Markets LLC (Provable Markets) is proud to announce its role as an Approved SFT Submitter for The Depository Trust & Clearing Corporation's (DTCC) proposed Securities Financing Transactions (SFT) Clearing Service (SFT Clearing Service), set to launch in the third quarter of 2021, subject to regulatory approval.
The proposed SFT Clearing Service, which supports central clearing and settlement services for overnight borrows and loans of equity securities, will be offered by National Securities Clearing Corporation (NSCC), the equity clearing subsidiary of DTCC.
"Provable Markets commends DTCC and their team on the thoughtful design of the SFT Clearing Service that will help participants extract the maximum value and benefits of a CCP-based solution," said Matt Cohen, CEO and Co-Founder of Provable Markets.
"We thank Provable Markets for their partnership, and for their commitment to submitting transactions into our new SFT Clearing Service," said Michele Hillery, General Manager of Equity Clearing and DTC Settlement Service at DTCC.