ROKAS

Capital Markets & Financial Regulation News – Bankruptcy remote regimes (“Bankruptcy remote” regimes:From segregation to portability) “Bankruptcy remote” regimes: From segregation to portability ƒ Segregation aspects Custodian-level segregation Depositary-level segregationŠ “Clearing”- level segregation: CCPs and Clearing Members  CSD- level segregation ƒ Right of asset re-use: “Clients’ consent?” Following Lehman Brothers default case and other relevant...Read More

Capital Markets & Financial Regulation News – February 2015- Market Abuse The new European legislation The updated regulatory framework comes along with “European” criminal sanctions “…trading on all platforms and of all financial instruments will now be covered by market abuse legislation…” The initial regime set by the Market Abuse Directive 2003/6/EC (“MAD”), transposed into...Read More