ESMA has issued a statement regarding the treatment of settlement fails under the CSDR penalty mechanism in light of the recent incident involving TARGET Services. The statement provides clarification on how to handle settlement fails, emphasizing the importance of adhering to guidelines to prevent future disruptions in the European financial markets. ESMA’s guidance aims to ensure a more stable and resilient financial infrastructure in the EU.
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The EU doesn’t need a deal with Trump
Ursula von der Leyen is meeting Donald Trump in Scotland to discuss trade as tariff deadlines approach, drawing insights from her recent summits with Japan and China. The article argues that the EU should not concede to US pressures, highlighting the unpredictable nature of Trump's negotiations and suggesting that both the US and EU have more to lose than appears. Want More Context? 🔎
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