Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that the Bank of England has authorised ICE Clear Europe as a central counterparty (CCP) in accordance with the European Market Infrastructure Regulation (EMIR). In order to be authorised, ICE Clear Europe has…
Read moreThe European Markets and Securities Authority has published today an update of its Questions & Answers (Q&A) document regarding the implementation of the European Markets Infrastructure Regulation (EMIR). The updated Q&A includes a new answer in relation to reporting of trades cleared by a clearing house which is not a CCP under the EMIR definition.…
Read moreThe European Securities and Markets Authority (ESMA) has today issued an opinion regarding the exemption of a Swedish pension scheme from the obligation to centrally clear OTC derivative contracts under the European Market Infrastructure Regulation (EMIR). Pension scheme arrangements meeting certain criteria were granted a transitional exemption from the clearing obligation under EMIR. Some pensions…
Read moreRegulatory reporting specialist Abide Financial and real-time data analytics company Corvil today announced a partnership to deliver end-to-end transaction reporting and reconciliation solutions to meet increasingly complex international regulations. The partnership enables reporting parties in UK, Europe, US, Canada, Australia and other jurisdictions to reduce risk and achieve faster, more accurate compliance with current and evolving…
Read moreA follow-up to LeapRate's earlier report about the European Securities and Markets Authority (ESMA) conducting the first European Union-wide stress test exercise regarding Central Counterparties (CCPs)... As initially announced, the results of the stress test were unveiled on Friday – April 29, 2016. ESMA’s stress test focused on the counterparty credit risk which CCPs would face…
Read moreThe European Securities and Markets Authority (ESMA) has scheduled its first European Union-wide stress test exercise regarding Central Counterparties (CCPs) for April 29, 2016. ESMA is mandated to conduct stress tests of CCPs under the European Markets Infrastructure Regulation (EMIR). The stress test gauges the resilience and safety of the European CCP sector and seeks…
Read moreIt is safe to say we have a well-documented ISO 20022 adoption trend which marks the beginning of the end of relying on spreadsheets and flat files to meet reporting obligations.
Read moreThis week LeapRate spoke with Ronen Kertis, President and CEO of Cappitech, a privately held financial technology boutique. Mr. Kertis has been innovating at the cross-section of tech and finance since 2000, where he's held CTO roles at ITG Europe and ITG Asia, before serving as CEO of ITG Israel. Cappitech has expertise in developing FIX…
Read moreInternational operator of exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) announced today that ICE Clear Canada has secured recognition as a third-country central counterparty (CCP) under the European Market Infrastructure Regulation (EMIR). ICE Clear Canada, which is regulated by the Manitoba Securities Commissions under the provisions of the Commodity Futures Act, has been added…
Read moreThe Financial Services Board (FSB) of South Africa today announced it established a Memorandum of Understanding (MoU) under the European Markets Infrastructure Regulation (EMIR) with the European Securities and Markets Authority (ESMA). This MoU establishes cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorized or recognized in South Africa, and which…
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