ISLA: SFTR pace to ‘quicken’ in traditionally quieter months
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ISLA: SFTR pace to ‘quicken’ in traditionally quieter months 08 July 2019London Reporter: Maddie Saghir
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The pace around the Íø±¬³Ô¹Ï Financing Transactions Regulation (SFTR) is likely to quicken as the industry moves into traditionally quieter months, International Íø±¬³Ô¹Ï Lending Association (ISLA) CEO Andrew Dyson has predicted.
In ISLA’s ‘Reflections of the CEO’ blog post, Dyson highlighted that on 15 July the European Íø±¬³Ô¹Ï and Markets Authority will be holding an open hearing on the SFTR real time settlement.
He added that this will be followed by an ‘invitation only’ closed-door workshop in Paris on 16 July.
According to Dyson, this is a valuable opportunity for the industry to articulate questions and concerns ahead of the formalisation of the Level Three text later this year.
He also reflected on the first six months of 2019 and said although there is still considerable work to do, many people are looking past the immediate technical and operational challenges posed by SFTR.
He explained that they are thinking about what this type of transparency means more broadly.
Meanwhile, for the remainder of the year, themes such as technology and the environmental social and governance agenda are expected to gain momentum with areas such as Common Domain Model and digitalisation.
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