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South Korea to introduce securities lending to retail market

05 February 2021 South Korea
Reporter: Drew Nicol

Once short selling partially resumes in May retail investors can gain a qualification to enable them to directly borrow securities and short sell

US SEC requests comment on MMF reform options

05 February 2021 US
Reporter: Natalie Turner

The SEC has requested industry comment on potential reforms to improve the resilience of money market funds in the wake of the 2020 COVID-disruption

Korea exchange launches task force in pursue illegal short selling crackdown

05 February 2021 South Korea
Reporter: Drew Nicol

The ��special team�� will be formed this month and aims to strengthen oversight of short sellers, while market makers also face a host of new stringent trading restrictions

South Korea extends short selling ban

04 February 2021 South Korea
Reporter: Drew Nicol

FSC chair Eun Sung-soo has confirmed the ban will not expire in March but will remain until 2 May, at which point short selling may resume on KOSPI 200 and KOSDAQ 150 stocks

ISLA: CSDR buy-ins may deter asset owners from lending

03 February 2021 UK
Reporter: Drew Nicol

To avoid damaging market liquidity and stability, the trade body suggests the CSDR settlement discipline regime should be split in two, with cash penalties going live in February and the buy-ins held pending a ��in-depth assessment"

CSDR consultation: EACH calls for delays to settlement discipline regime

03 February 2021 Brussels
Reporter: Becky Bellamy

EACH explains that a delay to CSDR��s SDR would provide market infrastructures and other market participants sufficient time to implement and would also avoid unnecessary duplicative implementation costs

CSDR consultation is over, ICMA underscores need for mandatory buy-in reforms

02 February 2021 UK
Reporter: Drew Nicol

ICMA has presented a ��waterfall�� of proposals for implementing the SDR, based on its members�� assessment of what it considers most optimal in terms of minimising disruption to Europe��s bonds markets while still attaining the objectives of CSDR

ESMA updates its SFTR Q&A to clarify reporting rules

01 February 2021 France
Reporter: Natalie Turner

The revised Q&A addresses errors in event reporting, updates to records of outstanding reports by the counterparties and operational aspects of reporting by financial counterparties on behalf of small NFCs

Qomply-Bovill partner for MiFIR reporting solution

01 February 2021 UK
Reporter: Natalie Turner

The partners aim to save firms from FCA fines after 362 firms were found to have submitted errors and omissions in their MiFID II reports between January and the end of October last year.

Congresswoman Maxine Waters: ��Predatory short selling of pension funds must stop��

29 January 2021 US
Reporter: Drew Nicol

The chair of the House Committee on Financial Services is launching a campaign to stop ��private funds preying on the pension funds of hard-working Americans�� in the wake of the GameStop short squeeze

EU accepts US CCP regulatory equivalency

27 January 2021 Belgium
Reporter: Maddie Saghir

Allison Herren Lee, acting chair of the SEC, says: ��The EC��s decision is an important first step on the road to providing greater regulatory certainty for CCPs and their members on both sides of the Atlantic"

LIBOR transition: 85% of uncleared UK derivatives market ready

27 January 2021 UK
Reporter: Becky Bellamy

The FCA��s Edwin Schooling Latter says the success of this protocol means ��a major reduction in risk faced by the 12,000 plus firms who have already signed, and for the system as a whole��

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