ICMA’s European Repo Council has welcomed the vote and adoption by the European Parliament of Piia Noora Kauppi’s report on securities settlement services systems and financial collateral arrangements. The report recognises the importance of accepting credit claims as financial collateral, and extends the scope of credit claims as to what is acceptable for interbank transactions.
The European Repo Council Chairman, Godfried de Vidts, commented: “Increasing the pool of securities and credit available for the collateralisation of market transactions will reduce counterparty risks, contribute to market liquidity and strengthen overall market resilience. This is also consistent with the work which the ERC has undertaken and will continue with the Eurosystem to develop a secondary market in credit claims for collateralisation purposes.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more