News

Brexit and cybersecurity top Esma’s supervision agenda

BrexitThe European Securities and Markets Authority (Esma) has said that it will focus on the regulation of credit ratings agencies, trade repositories and the monitoring of third-country market infrastructure in the year ahead.

The Paris-based regulator said that in 2019 its attention will concentrate on IT and cybersecurity issues, the resilience of IT systems and information security at trade repositories. It will also be looking at the quality of trade data held in repositories and the access that these provide to public authorities.

The UK’s potential exit from the EU is triggering concerns about systemic risk. As a result regulators are evaluating risk implications for trade repositories and credit ratings agencies, as well as discussing arrangements for recognition of UK central counterparties in the event of a ‘no deal’ with the EU.

The EU financial regulator currently supervises 8 trade repositories and 27 credit ratings agencies directly as well as being responsible for four certified credit ratings agencies and 32 third-country central counterparties.

It applies a risk-based approach to identify priorities for its annual supervision programme, taking into account the major developments affecting each industry segment and registered entity.

©2019 funds europe

Thought leadership

Euroclear_PM_white_paper_native_image_400x103

This whitepaper outlines key challenges impeding the growth of private markets and explores how technological innovation, when bolstered by the operational experience and global reach of FMIs, can provide solutions to unlock access to private market funds for a growing investor base.

DOWNLOAD NOW »
UBS_commodities_native_image_Nov_2023

Transporting goods by sea is the lowest carbon way of transporting goods. That said, the shipping sector contribute 3% of global carbon emissions, so we need it to get to net zero. Breakthrough technologies have the power to reshape the industry and drastically reduce its environmental footprint.

LEARN MORE »

SPS1-Data-Driven-BIC-FE-02-Reporting

We often hear about the challenges related to sustainability data - in particular, the lack of consistency, comparability, and completeness. Update your information puzzle with Essential Sustainability Intelligence.

FIND OUT MORE »
Aviva_Investors_nartive_position_Oct_2023_400px

Discover how investing in real assets with a multi-asset approach can help build resilient portfolios.

FIND OUT MORE »

Executive Video Interviews

Why fund admin tech is a key competitive advantage

Cian Hyland, Strategic Client Relationship Director at Deep Pool Financial Solutions spoke to us about how technology enables efficient data management, reporting automation and secure data access.

Insights from State Street

Cuan Coulter, Global Head of Asset Managers and Head of UK and Ireland at State Street, discusses how fund managers decide between the two cross-border fund domiciles, namely Ireland and Luxembourg, and why asset managers find managing data so difficult.

Unlocking access to private markets

Vincent Clause, who heads the global funds strategy at Euroclear and David Genn, CEO of Goji, sit down with Funds Europe to explain how technological innovation, bolstered by operational experience and global reach, can provide solutions that unlock access to private markets.

Sustainable investing in the DC world

Claire Felgate, a specialist in UK defined contribution pension schemes at asset manager BlackRock, talks with Funds Europe editor Nick Fitzpatrick about how - and the pace at which - DC pension schemes are adapting to the requirements of sustainable investment.

arrows

Webinars

Join our webinar for a deep dive into the findings of the fresh-off-the-press EU Taxonomy 2023 Insights Report, based on Clarity AI's best-in-class coverage of EU Taxonomy reported data and CDP industry-leading environmental datasets. 

In this webinar, we discuss tools for optimising fund data management and distribution, the role of global fund classifications and ratings, and how technology and automation enhance data integrity and insights.