The European Securities and Markets Authority (ESMA), the European Commission (EC), and the European Central Bank (ECB) put out a joint statement this week indicating support for a coordinated T+1 transition with other jurisdictions in the region including the U.K. and Switzerland. Despite the complex E.U. post-trade landscape, the regulatory trio stressed the urgency of… Read More >>
EC Blesses IHS Markit-CME Joint Venture
Proposed J.V. Seen as Complementary CME Group, an operator of derivatives trading venues, and IHS Markit, an information and analytics vendor, have gotten the blessings of the European Commission for their joint venture of post-trade services. “The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over a newly created… Read More >>
Two Failing Banks Get a Lifeline via Italian Government
Two days after the European Central Bank (ECB) warned that Banca Popolare di Vicenza and Veneto Banca were failing or likely to fail, the Italian government came to the rescue with a €5.2 billion ($5.8 billion) bailout package at the end of June. Under the deal, the good assets of the banks were sold to… Read More >>
