ISLA,PASLA & RMA have submitted a joint response letter to the FSB on the Workstream5 Data Experts Group consultation.
A copy can be found here
IMPORTANT COMMUNICATION FROM THE DTCC FOR USERS OF
SMART/ TRACK FOR AGENCY LENDING DISCLOSURE
The DTCC have contacted us and asked us to forward the following notification and accompanying background link to all users of ALD Europe.
They will be discontinuing support of SSLV3 and use only the TLS (Transport Layer Security) security protocol across all platforms and services, this may affect access for users of SMART/Track Agency Lending disclosure.
The change will come into effect from January 24, however prior to the shutdown they will start testing, Saturday January 10 at 9.00 EST through Sunday January 11 at 3pm. DTC strongly recommend that all clients test their connectivity during this time.
Full information is provided in the below links. Please forward to your IT department.
If you have any questions regarding the above please contact the following at DTCC
Christopher R Nolan
ISLA Responds to FSB Consultation on Haircuts
ISLA has submitted a response to the FSB’s consultation on extending the application of minimum haircut floors to SFTs between non-banks. In our response we broadly agree that numerical floors should be extended to transactions between non-banks. The letter also requests clarification from the FSB on certain aspects of the final haircut framework. A copy of the letter can be found here.
ISLA has issued an updated ALD approval of principals best practice paper.
The update relates to the provision of information regarding evidence of authority and capacity which a principal requires in order to engage in Securities Lending transactions.
Copies can be found here