The latest piece of the regulatory jigsaw that underpins the European Commission’s ongoing project to enhance market transparency and strengthen investor protection, the Securities Financing Transactions Regulation (SFTR), arguably represents the industry’s biggest challenge yet, pertaining as it does to a market segment that has historically been lightly-regulated and under-reported.

Buy-side firms must continue to drive forward with their preparations for SFTR as the new regulation is significantly more complex than MiFID II, particularly its impact on the repo market, writes NEX’s director of European Affairs, in Securities Lending Times’ SFTR Annual.

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