Association for Financial Markets in Europe (AFME)
This Week: Afme on T+1, Anna/Isin, McKay Brothers/Quincy Data and more
A summary of the latest financial technology news.
A rough race begins: Industry faces uphill transition to T+1 settlement
With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.
This Week: BlackRock/Tradeweb, FactSet, DTCC, RBC and more
A summary of the latest financial technology news.
New regulation forces UK banks to scrutinize cloud
Firms say changing SLAs and getting required information from vendors like AWS, Azure and Google Cloud is a heavy burden.
Waters Wrap: On outages, teamwork & greed (And ESG innovation & consultants)
Anthony examines a proposed protocol in Europe that would help keep liquidity flowing if there’s a major exchange outage. He also discusses innovation in the realm of ESG, and Esma’s new data analytics platform.
EU firms face operational burdens if UK denied data protection adequacy
A no-adequacy decision could create new logistical issues for compliance teams and data managers operating across the UK and the EEA.
Vendors Feel Heat as Regulators Pile Pressure on Third-Party Resiliency
UK regulators have proposed new laws to clamp down on operational resilience and third-party risk, pushing fintechs to put some skin in the game.
AFME Calls for pan-European Crypto Asset Taxonomy
The industry body has urged EU lawmakers and stakeholders to become leaders in delivering a common regulatory framework for digital assets.
The AI Ethics Dilemma: Banks Find a Fine Line Between New Tech and 'What's Right'
Finance firms and regulators are beginning to assess the ethical implications of artificial intelligence.
Utility Belt: How Utilities are Stepping Up
Banks, looking for ways to cut costs and meet regulatory pressures, are increasingly turning to collaborative projects like utilities.
Europe Unveils Fintech Action Plan
European Commission seeks to build EU fintech lab, promote blockchain and review rules in light of emerging tech.
Emerging Tech Could Help Push Utilities Forward
European trade group releases report highlighting the challenges and opportunities associated with building industry utilities.
Fintech Could Demolish Europe’s Capital Markets Union Barriers
Influential lobby group urges European authorities to consider how technology could resolve outstanding issues with its single-market project.
Europe's Asset Segregation Dilemma Stifles Harmonization of Post-Trade Infrastructure
The operational implications and the heated debate around the Central Securities Depository Regulation's most controversial provision is impinging on the industry's move toward harmonizing post-trade processes.
T2S: Moving Toward a Capital Markets Union
The challenging journey of Europe's new settlement platform and the speculations on the changes it will bring
Dark Pool Caps: Lighting Up the Darkness
Restrictions on the use of dark-pool trading waivers come into force as part of MiFID II but some in the industry believe the rules will do more harm than good.
Blockchain Standards' Pivotal Moment
Distributed ledger technology runs the risk of fragmentation as multiple vendors and permissioned ledgers emerge
ABN Amro Innovation Team Signals Wider Move to Assess Blockchain
Banks are investing more in assessing the potential of blockchain technology
Target2-Securities: Wave Two on Course for Launch as Precursor to Arrival of Euroclear
Focus on learning historic lessons for preparation of second migration wave to pan-European settlement platform.
Only Half-Way There in Markets Reform, Says Esma Chair
Speaking at an event organized by the Association for Financial Markets in Europe (AFME) today in London, Steven Maijoor, chairman of the European Securities and Market Authorities, says that although ESMA is near to fulfilling the Group-of-20…
Panel: Global Regulations a Bumpy Ride for European Markets
Regulations affecting the global markets could negatively impact liquidity, according to panelists who spoke at the Association for Financial Markets in Europe's (AFME’s) European Market Liquidity Conference in London today.