With SFTR and CSDR on the horizon, 2020 was meant to be one of the busiest regulatory implementation years the securities finance industry had ever know. Those are now in tatters.
The consultation will cover reporting to trade repositories, procedures to reconcile and validate the data, data access by the relevant authorities and registration of TRs
The financing and securities services unit will include all existing securities services activities including custody, clearing, fiduciary and fund services, and securities lending