Here comes the MiFID II

By Stanley Epstein, Eureka Financial The original Markets in Financial Instruments Directive (MiFID) came into force in November 2007. MiFID brought competition to the trading procedures in the European Union. Under MiFID investment firms could operate throughout the EU on the basis of the ‘authority’ of their home EU Member State. MiFID also introduces a […]

Main Trends in Collateral Management

By: Securities Lending Times According to the new survey conducted by Sapient Global Markets in March, evolution towards the front office has been identified as one of the main trends for efficient collateral management across global market participants. The research also identifies the efficiency gains required to deliver increased automation and the support systems needed […]

International Securities Settlements and Custodial Services Program in London

  Register for a practical 2 day International Securities Settlements & Custodial Services course in London – 7-8 of July 2014. This 2 day training program is designed to provide delegates with practical  knowledge about the key concepts, systems, processes and procedures in international securities settlement and custodial services as well as operational risks involved.   […]

Clearstream and DCCC cooperation on collateral management for CCP margining

By: SecuritiesLendingTimes Clearstream’s global liquidity hub has its first Middle Eastern central counterparty (CCP) link. The Dubai Commodities Clearing Corporation (DCCC), which is the CCP of the Dubai Gold & Commodities Exchange, has agreed to cooperate on collateral management for CCP margining. By the end of the first quarter of 2014, Dubai’s exchange customers will be […]

Banking Reform Bill Amendment on Payments and Securities Settlements

On 8th October the Financial Services (Banking Reform) Bill heads to the House of Lords for further consideration by their Lordships. Having listened to numerous opinions the Government has tabled more than 80 amendments which it proposes to add to The Bill. One such amendment relates to payments and securities settlements.  This amendment, set out […]

International Payments Market Trends Overview

  Warning over clearing-contagion risks At the recent Sibos conference in Dubai, delegates raised concerns over the risks associated with the collapse of a major clearing house.  The general sentiment expressed was that international regulators had yet to get to grips with the potential domino effect should a clearing house fail.  Catalyst consultant, Christian Lee, […]

The scope and structure of Transaction Banking

Transaction Banking function differs from bank to bank, so what is the ideal structure of a transaction banking unit and how one define its function ? Follow this interesting discussion on the scope and challenges of transaction banking worldwide. “Transaction banking mainly operates behind the scenes and caters to treasury functions. In the broadest definition, […]

More difficulties for asset managers and pension funds to access OTC derivatives market

Impact of Dodd-Frank on asset management and pension funds in the US With the new section of Dodd-Frank regulations which came into life on 9th of September, asset managers and pension funds in the US will face more difficulties in accessing the OTC derivatives market as they have to clear the trades through central counterparties. […]

OTC repo transactions in Russia reach more than RUB120 billion.

According to Securities Lending Times, the value of securities used as collateral for the Bank of Russia’s OTC repo transactions is at the moment more than RUB120 billion. The National Settlement Depository (NSD) provides the collateral management services for the Bank of Russia as well as clearing services and securities and cash settlement to market […]

Proposals for regulations in shadow banking and new standards for multi-listed securities

FSB proposals on shadow banking The Financial Stability Board (FSB) has published proposals to strengthen the oversight and regulation of shadow banking.  The proposals follow on from the 2011 G20 summit in Cannes at which the G20 leaders agreed to take steps to mitigate the risks posed by “that part of the financial system that […]

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