SFTR

Déjà vu All Over Again as ESMA Discusses SFTR Trade Reporting

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On 11 March 2016, as part of its consultations on Level 2 measures under the Securities Financing Transaction Regulation (SFTR), the European Securities and Market Authority (ESMA) published a Discussion Paper incorporating draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on transaction reporting under the SFTR. At 187 pages and posing 145 questions, […]

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SFTR Discussion Paper issued by ESMA

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ESMA have issued a discussion paper on SFTR, the Security Financing Transaction Reporting rules. The paper can be found here. SFTR requires that all securities financing transactions be reported to a Trade Repository. This includes commodities lending and commodities financing.

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Another article on SFTR

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Following yesterday’s post introducing the Securities Finance Transactions Regulation (SFTR) and how it affects the commodities markets, Baringa have also written this post on the topic. We can expect more information to be distributed over the coming weeks and months.

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SFTR – How will it affect the commodities markets?

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The Securities Financing Transaction Regulation (SFTR) was adopted by the European Parliament in November 2015 and published in the official journal on 23 December 2015, which means that it came into force on 12 January 2016. The regulation can be found here.

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Merry Christmas! The SFTR Enters into Force on 12 January 2016!!

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An early Christmas present arrived on 23 December 2015, when the Securities Financing Transactions Regulation (SFTR) was published in the Official Journal of the EU.  For more details on the SFTR itself, see this blog post. The SFTR enters into force on the 20th day following its publication in the Official Journal of the EU […]

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SFTR Adopted by EU Council

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In a press release, the EU Council has today confirmed that it has adopted the Securities Financing Transactions Regulation (SFTR).  This follows the adoption by the EU Parliament which took place on 29 October.  See this blog post for more detail on the SFTR itself. This represents the final stage of the legislative process for […]

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Shadow Banking: EU Parliament adopts SFTR

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On 29 October 2015, the EU Commission issued a press release confirming that the EU Parliament has adopted the proposed regulation on “reporting and transparency of securities financing transactions” (the “SFTR”).  See this blog post for more information on the SFTR itself. The Commission has also published a fact sheet including “Frequently Asked Questions” on […]

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Securities Financing Transaction Regulation in Shadow a While Longer

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Consideration of the Securities Financing Transactions Regulation (SFTR) by the European Parliament, originally due to take place at the Parliament’s plenary session on 6 October, has been delayed.  According to the Parliament’s updated procedure file, the matter will now be considered at the next plenary session to be held from 26 to 29 October 2015, […]

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Emerging From the Gloom: Shadow Banking In Sharp Relief

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Introduction “Shadow banking” refers to that part of the financial system which extends credit but is fully or partially outside the regular banking sector, i.e. non-bank credit intermediation.  Despite the real benefits associated with shadow banking, the financial crisis of 2007-2008 highlighted a number of risks, particularly a heavy reliance on short-term wholesale funding, lack […]

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