Bank Polska Kasa Opieki adds derivatives to Systematic Internaliser asset class list once more

From 06/10/2020 to 17/03/2021 Bank Polska Kasa Opieki S.A. was a Systematic Internaliser for derivatives.  From 18/03/2021 has ceased to be an SI for this asset class. However as per the ESMA update of 17/02/2022 derivatives are once again included in the list of asset classes for which the MIC PKOP should be applied

  • Last ESMA update: 17/02/2022
  • LEI: 5493000LKS7B3UTF7H35
  • Entity Name: Bank Polska Kasa Opieki S.A.
  • Service Names: 
  • BOND (Bonds) since 20/11/2018
  • DERV (Derivative) from 17/02/2022

Posted in Uncategorized | Leave a comment

Landesbank Baden-Württemberg drops Bonds from list of MiFIR Systematic Internaliser Asset classes

As per ESMA update16/02/2022

    LEI: B81CK4ESI35472RHJ606
  • Entity Name: Landesbank Baden-Württemberg

The following Asset Class requires the Systematic Internaliser Venue MIC value of “LBWS”: 

  • SFPS (Structured Finance Products)

From 17/08/2021 until 15/02/2022 Bonds had also been included on the list

Posted in Uncategorized | Leave a comment

Capital markets union – Commission extends time-limited equivalence for UK to 30 June 2025

In order to address the financial stability concerns surrounding the over-reliance on systemic non-EU Central Counterparties (CCPs) and further develop competitive clearing services in the EU, the European Commission plans to come forward in the second half of 2022 with measures to make EU CCPs more attractive to market participants.

First, by building domestic capacity: measures to make the EU more attractive as a competitive and cost-efficient clearing hub, and so incentivise an expansion of central clearing activities in the EU, will be needed.

Second, if the EU is to increase its capacity for central clearing, it is essential that any related risks be properly managed and the EU’s supervisory framework for CCPs strengthened, including through a stronger role for EU-level supervision.

In order to achieve this and avoid any short-term financial stability risks, the Commission is also adopting today a new equivalence decision granting access to UK CCPs for another three years, until 30 June 2025.

Posted in Uncategorized | Leave a comment

Switzerland aims for new EU talks on improving troubled ties – Reuters

Swiss President Ignazio Cassis wants to thaw frosty ties with the European Union by seeking a new package of bilateral agreements and believes his country must move closer to the bloc, he told the SonntagsZeitung newspaper.

Years of talks to bind Switzerland more closely to the EU’s single market collapsed in May last year when the Swiss government ditched a draft 2018 treaty cementing ties with its biggest trading partner.

Cassis, who is also foreign minister, said the Swiss government was now working towards fresh talks with the EU, which surrounds landlocked Switzerland..

EU-Swiss economic ties are now governed by more than 100 bilateral agreements stretching back to 1972. Those accords remain in effect but will erode, threatening over time to disrupt or even jeopardise Switzerland’s de facto membership in the EU common market which — unlike Britain which made an unruly exit from the bloc — Bern is keen to maintain.

Cassis, from the pro-business Liberals party, hoped a new package of bilateral agreements could resolve questions over dispute resolution and achieve a compromise on wage protection.  He added that in a tripolar world of the United States, Russia/China and the EU, “the pressure on Switzerland to cultivate deeper relations with Europe will grow. Because the EU is closest to us economically, ideologically and socially.”

Posted in Uncategorized | Leave a comment

Reuters – Euroclear teams up with FinTech to expand ESG services

Euroclear, one of the world’s largest settlement systems for stock and bond trades, has bought a big stake in Financial Technology company Greenomy to tap into growing demand for services that help firms meet new rules on reporting their environmental impact.

The European Union is rolling out mandatory environment, social and governance (ESG) reporting for companies and asset managers to give investors more comparable information about the impact of climate change and other factors on their businesses.

Brussels based Euroclear, which settles trades executed on pan-European stock exchange Euronext and the London Stock Exchange, said on Monday it had made a “strategic investment” in Greenomy, a Belgium-based sustainable FinTech platform.  It gave no details of the size of the stake or cost.

Greenomy helps companies, financial firms and asset managers comply with the new EU sustainable finance rules by digitalizing how data is captured and reported in accordance with the bloc’s “taxonomy,” or handbook which sets out which investments qualify as sustainable.  The aim is to combine Euroclear’s global reach with Greenomy’s platform to cut barriers to ESG reporting.

Posted in Uncategorized | Leave a comment