Esma: Both OTC identifiers will not be required in Emir reporting

Market participants will not have to use both the UPI and the Isin in their submissions to trade repositories, policy officer says.

Market participants won’t have to use two different codes to identify derivatives in regulatory reporting under the European Market Infrastructure Regulation (Emir), according to Joanna Lednicka, policy officer at the European Securities and Markets Authority (Esma).

Lednicka says the regulator is not in favor of requiring reporting counterparties to use both the unique product identifier (UPI) and the International Securities Identification Number (Isin) for over-the-counter (OTC) derivatives

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

How GenAI could improve T+1 settlement

As well as reducing settlement failures, researchers believe generative AI can provide investment managers with improved research, prioritization, and allocation resources.

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