Digitized Finance Testing Approved by European Union

Buy-in Agreement clears the way for DLT Settlement Pilot

The European Commission has reached agreement with legislators and financial trade groups on a digitized infrastructure to reshape the EU and, by extension, the global securities markets. The resolution affects all transactions involving EU securities, including securities loans, by (1) green-lighting the Distributed Ledger Pilot Regime, an effort to foster fintech innovation in the EU, and (2) delaying mandatory buy-ins, a highly contentious aspect of the ongoing sweeping reforms to the EU's securities settlement system. 

 

Thursday, December 30, 2021/Author: David Schwartz J.D. CPA/Number of views (1737)/Comments (0)/
RSS
12345678910Last