European Commission Green Paper on Building a Capital Markets Union .
ISLA publishes its response to the EU Green Paper on building a Capital Markets Union across Europe and the role that securities lending can play in this important economic and political initiative. Details of our response may be found here.
Securities Financing Transactions Regulation (SFTR) – 20 April 2015
In advance of trilogue discussions between the European Commission, Parliament and Council which begin next week, ISLA has prepared a position statement outlining its views. In the paper ISLA stresses the benefits of position level reporting (versus transactions reporting), the rationale for exempting title transfer collateral arrangements (TTCA) from re-use provisions, aligning the investor disclosure requirements with existing ESMA Guidelines for UCITS and other matters. The paper can be found by clicking here.
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