Esma backtracks on account segregation

Status quo protected for rehypothecation of collateral in tri-party, securities lending and prime brokerage

esma-hq
Esma opts for minimum EU-wide account segregation requirements

The European Securities and Markets Authority (Esma) has backtracked on stricter rules for depositories that some critics had said would choke tri-party repo markets and prime brokerage.

As predicted in a Risk.net article last year, the European Securities and Markets Authority (Esma) has opted for minimum European Union-wide account segregation requirements under the Alternative Investment Fund Managers Directive (AIFMD) and Ucits V.

The move is opposed by France’s buy side in particular, but

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: