The European Commission has put delegated and implementing acts on the table on Thursday 13 December to complement the Regulation on securities financing operations.
The regulation also requires that all securities financing transactions be reported in a central database, called the “central trade repository”.
The new measures clarify the registration procedures as a central repository and the elements of the procedures to be applied by central repositories to verify the elements of securities financing transactions reported to them. They also specify the frequency and elements of the publication of data from trade repositories.
“The package adopted today is a crucial element to ensure that, as risks move outside our highly regulated banking sector, they do not disappear from the radar screen of supervisors”, said European Commissioner for Financial Services Valdis Dombrovskis in a statement.
Delegated and implementing acts must now be submitted to the European Parliament and the Council for consideration. (Original version in French by Marion Fontana)