Systemic risk

ESMA consults on Guidelines for Data Transfer between Trade Repositories under EMIR and SFTR

Retrieved on: 
Friday, May 28, 2021
Financial markets, Finance, Money, Financial regulation, Systemic risk, Corporate law, European Market Infrastructure Regulation, Securities Financing Transactions Regulation, Securities market, Security, Securities lending

28 May 2021

Key Points: 
  • 28 May 2021

    Market data

    Securities Financing Transactions

    Trade Repositories

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today launched aconsultationon amendments toits Guidelines on data transfer between Trade Repositories (TRs) under EMIR, as well as on Guidelines regarding data transfer between TRs under SFTR.

  • The new set of Guidelines establishes the framework for data transfer of Securities Financing Transactions (SFTs) between TRs under SFTR.
  • The Consultation Paperalso proposes changes to the current Guidelines on data transfer between TRs under EMIR, with a view to maintaining access to historical data for regulatory authorities and ensuring a high degree of data quality as well as a competitive TR environment.
  • Both the new Data Transfer Guidelines under SFTR and the proposed changes to those under EMIR aim to:

    Next steps

    The closing date for responses is 27August 2021.

Ediphy Analytics Launches a Consolidated Tape Initiative for the European Bond Market and Invites Early Adopters to Support the Final Development of an Advanced Prototype

Retrieved on: 
Friday, May 28, 2021
Financial markets, Directive 2014/65/EU, European Union, Financial regulation, Systemic risk

"Having developed the underlying technology and already created an advanced prototype, I'm delighted that Ediphy Analytics is in a unique position to launch this initiative.

Key Points: 
  • "Having developed the underlying technology and already created an advanced prototype, I'm delighted that Ediphy Analytics is in a unique position to launch this initiative.
  • Now we invite companies to act as early adopters to support us in finalising a solution that will benefit all market participants.
  • Participants will gain early access to each prototype iteration as additional sources get consolidated and, by their feedback, will be able to shape the final version."
  • While recommending the creation of a Consolidated Tape Provider, MiFID II legislators left its development to the market.

Ediphy Analytics Launches a Consolidated Tape Initiative for the European Bond Market and Invites Early Adopters to Support the Final Development of an Advanced Prototype

Retrieved on: 
Friday, May 28, 2021
Financial markets, Directive 2014/65/EU, European Union, Financial regulation, Systemic risk

"Having developed the underlying technology and already created an advanced prototype, I'm delighted that Ediphy Analytics is in a unique position to launch this initiative.

Key Points: 
  • "Having developed the underlying technology and already created an advanced prototype, I'm delighted that Ediphy Analytics is in a unique position to launch this initiative.
  • Now we invite companies to act as early adopters to support us in finalising a solution that will benefit all market participants.
  • Participants will gain early access to each prototype iteration as additional sources get consolidated and, by their feedback, will be able to shape the final version."
  • While recommending the creation of a Consolidated Tape Provider, MiFID II legislators left its development to the market.

Highlights - Results of the ECON voting session - 27 May 2021 - Committee on Economic and Monetary Affairs

Retrieved on: 
Thursday, May 27, 2021
Constitutional amendment, European Union directives, Copyright law of the European Union, Systemic risk

The results of the votes on the amendments and on the text as amended are available below.

Key Points: 

The results of the votes on the amendments and on the text as amended are available below.
Draft Report "Implementation of EU requirements for exchange of tax information: progress, lessons learnt and obstacles to overcome"

Litchfield Hills Research Report Highlights Continued Positive Trends in Q1 2021 Results

Retrieved on: 
Thursday, May 27, 2021
Financial regulation, Financial markets, Directive 2014/65/EU, European Union, Systemic risk, Economy, Litchfield, Articles, Finance, Forward-looking statement, Financial Industry Regulatory Authority

"Litchfield Hills research report highlights the strong sequential improvement in revenue and gross margin we saw in our first quarter financial results.

Key Points: 
  • "Litchfield Hills research report highlights the strong sequential improvement in revenue and gross margin we saw in our first quarter financial results.
  • The Litchfield Hills Research Department certifies its report is compliant with FINRA research rules 2241, 3110.
  • The research report is MiFID II compliant and is classified as minor non-monetary benefit under MiFID II.
  • In particular, the Companys statements regarding trends in the marketplace, future revenues, future products and potential future results and acquisitions, are examples of such forward-looking statements.

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.

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.

Avisa Diagnostics Retains Venture Liquidity Providers Inc. for Market-Making Services

Retrieved on: 
Wednesday, May 26, 2021
Systemic risk

This forward-looking information may be affected by risks and uncertainties in the business of the Resulting Issuer and market conditions.

Key Points: 
  • This forward-looking information may be affected by risks and uncertainties in the business of the Resulting Issuer and market conditions.
  • Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
  • The Company does not intend, nor assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
  • Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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.