Settlement Clearing News Today

HKEX Appoints Head Of Post Trade Change Date 13/04/2021 Hong Kong Exchanges and Clearing Limited (HKEX) is today (Tuesday) pleased to announce that Lisa O’Connor has joined the company as Managing Director, Head of Post Trade Change, reporting to Head of Post Trade, Glenda So. In her new role, Ms O’Connor will be working across HKEX’s clearing and settlement system initiatives, helping to leverage new technology to expand HKEX’s post trade services and enhance its service offering ...

ISDA: Response To HM Treasury Consultation On The Implementation Of Basel III Standards Date 01/04/2021 On April 1, 2021, ISDA and the Association for Financial Markets in Europe submitted a joint response to HM Treasury (HMT) on its consultation on implementing the Basel III standards. The UK Financial Services Bill allows HMT to revoke provisions from the Capital Requirements Regulation (CRR) so the Prudential Regulatory Authority (PRA) can introduce updated prudential rules for credit i...

,” DTCC outlines its recommendations for a path forward in reaching global data harmonization in the over-the-counter (OTC) derivatives market. “OTC derivatives trade reporting standardization would enable regulators to reach the level of transparency and global risk monitoring identified as critical by the G20 summit, but has been a challenge to achieve for individual jurisdictions,” said Chris Childs, DTCC Managing Director and Head of Repository and Derivatives Services. “With sever...

A Forward Look At Regulation Of The UK’s Wholesale Financial Markets - Keynote Speech By Edwin Schooling Latter, Director Of Markets And Wholesale Policy At The FCA, Delivered At The ISLAs Post Trade Conference On 16 March Date Location: ISLAs 11th Virtual Post Trade Conference Delivered on: 16 March 2021 Highlights Decisions to tailor securities financing transaction reporting and settlement buy-in rules to achieve the desired outcomes in the way that best fits UK-based markets. The ...

FIA Industry Survey Finds Positive Outlook For Growth Of Cleared Derivatives Markets - Majority Of Respondents Expect Growth To Continue, Led By Commodities And Equities; Pandemic And Political Risks Top List Of Concerns Facing The Industry; And China, Bitcoin And Operational Efficiency Are Key Focus Areas For Banks, Brokers And Technology Vendors Date FIA today  released a report summarizing the findings from a survey conducted at the beginning of 2021 to assess the outlook for the gl...

<p><span>On March 11, ISDA and 14 other trade associations sent a letter to the European Commission and the European Securities and Markets Authority highlighting the industry’s concern with respect to implementation of the settlement discipline regime under the Central Securities Depositories Regulation (CSDR) and the mandatory buy-in requirements. A key concern for members is that the current legislative timetable requires market participants to proceed with a ma...

<h2><span style="font-size: small;">Introduction</span></h2>
<p><span style="font-size: small;">It is with great pleasure that I welcome you to the third conference on central counterparty (CCP) risk management, organised by the ECB together with the Deutsche Bundesbank and the Federal Reserve Bank of Chicago. This event has become an increasingly relevant international forum to discuss key challenges surrounding central clearing.&...

Date 25/02/2021 SETL, the London-based Settlement and Payments Infrastructure provider, today announced the appointment of Marjan Delatinne to SETL’s executive management team. As Head of Payments, Marjan has overall responsibility for growing SETL’s payments business, alongside its market infrastructure and asset management offerings.  Marjan joins SETL having most recently served as Global Head of Banking at Ripple. She brings with her a wealth of experience, having previously held...

<p>SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr., on the DTCC’s whitepaper on shortening the settlement cycle for U.S. equities to one business day after the trade is executed (T+1):</p>
<p>“The DTCC paper released today addresses important issues to enhance our securities settlement processes, which are critical to the continued resiliency of our markets and market operations.  SIFMA, along with ...

DTCC Proposes Approach To Shortening U.S. Settlement Cycle To T+1 Within 2 Years- New White Paper Highlights The Benefits Of Moving To A T+1 Settlement Cycle, And Details Plan To Continue Building Industry Support - Paper Also Provides Updates On Efforts Already Underway To Increase Settlement Efficiency And Reduce Risk DTCC Proposes Approach To Shortening U.S. Settlement Cycle To T+1 Within 2 Years- New White Paper Highlights The Benefits Of Moving To A T+1 Settlement Cycle, And Details Plan T...