Investment Operations
Under the Investment & Capital Markets umbrella, the IA also supports the post-trade operations of our members, including middle and back office operations (as they relate to securities, derivatives and FX) and regulatory trade and transaction reporting. In the first quarter of 2022 we had a particular focus on:
CSDR Settlement Discipline Regime
CSDR remains a key focus for our members and their operations’ teams, and the settlement discipline regime aspect (SDR) went live in February 2022. SDR is comprised of cash penalties for failing trades and a mandatory buy-in (MBI) regime, the latter of which was of particular concern to our members and wider market participants.