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Mosaic Smart Data and Euroclear launch data intelligence offering for capital markets

The TRADE

As a financial market infrastructure with a track record of providing high quality settlement services to the world’s leading financial institutions, we are well positioned to drive innovation in the industry and to improve efficiency in the market as a whole.”

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Bank of England and FCA to launch joint Digital Securities Sandbox

The TRADE

The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) are working together to operate a new Digital Securities Sandbox (DSS) – a regime that will allow firms to use developing technology in the issuance, trading and settlement of securities.

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Securities industry rallies hard against ESMA’s progressive settlement penalties suggestion

The TRADE

The European Securities and Markets Authority (ESMA) published a consultation paper in December 2023 on the CSDR penalty regime seeking input on amendments which may include cash penalties that increase with the length of the settlement fail. On the latter, some associations felt the proposal would make Europe a less attractive market.

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Major investment banks and asset managers partake in landmark blockchain pilot

The TRADE

Digital Asset’s blockchain network Canton has completed a pilot involving a large group of major investment banks and asset managers demonstrating interoperability of independent distributed ledger applications (dApps) in the capital markets domain.

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Qatar’s Edaa postpones T+2 switch until March

The TRADE

The Qatari CSD Edaa has postponed the reduction of the settlement period from T+3 to T+2 until March 2024, in coordination with the Qatar Financial Market Authority (QFMA). Sheikh Saif bin Abdullah Al-Thani, CEO of Edaa, indicated that the deadline was granted so that market participants, financial intermediaries and custodians could update their (..)

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Alasdair Haynes latest to join FCA panel aimed at fortifying the City

The TRADE

The main topics of focus of the panel include the major macroeconomic and geopolitical landscape, the future regulatory regime, FCA transformation, crypto assets, ESG, diversity and inclusion and private markets. Haynes joins participants from across the major sectors of the UK wholesale and securities markets on the panel.

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US regulators hand out historically high combined penalties of around $550 million for recordkeeping and supervision failures

The TRADE

The two leading US capital markets watchdogs have come down on almost a dozen organisations over recordkeeping failures with their combined penalties totalling nearly $550 million. financial markets.  financial markets are on notice—The era of evasive communications practices is over.