ESMA clarifies the treatment of settlement fails with respect to the CSDR penalty mechanism

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published a statement on the treatment of settlement fails with respect to the Central Securities Depositories Regulation (CSDR) penalty mechanism, following the major incident that affected TARGET Services (T2S and T2) last month.  Concretely, ESMA clarifies in this statement that […]

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First published in this link of The European Times.