European securities and markets authority (esma)
UK's Financial Conduct Authority warns outlined Commodity Futures Trading Commission regime may not pass equivalence test, potentially leaving US central counterparties out in the cold
Esma's Maijoor says masking counterparty identities is not allowed: "There should not be exemptions for reporting the identity of counterparties as this will produce holes in the reported data"
Repositories face a "major challenge" to reconcile trades, ACT conference hears; executives call on Esma for guidance
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More European securities and markets authority (esma) articles
Regulators are struggling with differing transatlantic rules on the protection of clearing client assets, says Esma chairman, Steven Maijoor – the result of a 'conflict of law'
The European Union is finally nailing down rules governing retail investment products, but an intervention from the European Securities and Markets Authority could dilute the potency of the region’s national legislators. Richard Jory reports
Several Asia markets are set to mandate central clearing but European and US banks face the dilemma of whether to join onshore CCPs before they receive approval from their domestic regulators – potentially leaving them exposed to onerous capital charges...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.