The International Securities Lending Association (ISLA) has launched two new landing pages on its website to help members navigate the EU’s reformed regulatory timetable in the wake of COVID-19.
The association has published pages that outline an EU developments roadmap and the COVID-19 impacts on the European Commission’s priorities.
The ongoing outbreak of the COVID-19 pandemic has had significant impacts on all industries and sectors, including those within financial markets. As a result, a number of global regulators and policymakers, including the European Commission have been forced to change their timetable of priorities.
ISLA has published a detailed report that highlights any changes to the main EU legislative proposals, implementation dates and strategies impacting the securities financing markets.
The document highlights that the commission is working on a targeted review of the Markets in Financial Instruments Directive (MiFID) which is expected in Q3. The larger MiFID review, including a potential consolidated tape, has been delayed, likely to next year.
It also reviews the application of the Securities Financing Transactions Regulation reporting requirement along with Basel and IOSCOs announced delay and the amendment on settlement discipline under Central Securities Depositories Regulation.
Along with ISLA’s EU development roadmap, the document looks at key legislative and policy initiatives and priorities for the European Commission over the coming two to three years.