EU SFT rules on collateral consent create legal conundrums
Discussion due to take place between the European Council, MEPs and commissioners over which derivatives to add to definition of securities financing transactions
Fresh reams of European regulations on securities lending, repo markets and other collateral trades are set to be argued over in the European Union (EU) this week – but lawyers have already found bones of contention in the drafted text.
The new rules aim to make more transparent a number of securities financing transactions (SFTs) and limit the reuse of collateral, unless collateral providers are
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