SafeWire co-founder and CEO Chris Sauerzopf said SafeWire’s new Real Estate Wire Fraud Tracker can help title agents educate others in the industry about the importance of securing online transactions. Read on for more from Sauerzopf about the wire fraud prevention tool.
ESMA updates its LEI Statement Tuesday 13 April 2021 11:42 The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published today an updated statement on the implementation of LEI requirements for third-country issuers under the SFTR reporting regime. The updated LEI statement maintains ESMA position as described on 6 January 2020 … Read more
Secretary of the U.S. Department of Housing and Urban Development Marcia Fudge said the agency had no “near-term” plans to change the Federal Housing Administration mortgage insurance premium pricing. For more details, read on.
Securities financing transactions (SFTs) such as securities lending and repurchase agreements (repos) play a crucial role in supporting price discovery and secondary market liquidity for a wide variety of securities. However, such transactions can also be used to take on leverage and can lead to maturity and liquidity mismatched exposures. They therefore can pose risks … Read more
Agencies issue statement and request for information on Bank Secrecy Act/anti-money laundering compliance
ESMA PUBLISHES INTERIM TEMPLATES FOR STS SYNTHETIC SECURITISATION NOTIFICATIONS Friday 09 April 2021 18:02 The European Securities and Markets Authority (ESMA), the EU’s securities and markets regulator, has published the interim simple, transparent and standardised (STS) notification templates for synthetic securitisations following amendments to the Securitisation Regulation (SECR). The interim templates allow originators to notify … Read more
Rainier Title will be the first Ubitquity client to use its new blockchain-secured platform created in partnership with VeChain for the real estate and title industry. Read on for more details about the partnership and blockchain initiative.
Federal Reserve Board invites public comment on a proposal to automate non-merger-related adjustments to member banks’ subscriptions to Federal Reserve Bank capital stock
ESMA PUBLISHES ANNUAL PEER REVIEW OF EU CCP SUPERVISION Thursday 08 April 2021 14:07 The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its annual peer review report on the supervision of EU Central Counterparties (CCPs) by National Competent Authorities (NCAs). The Peer Review measured the effectiveness of NCA supervisory practices … Read more
ESMA makes recommendations for Organised Trading Facilities under MiFID II/MiFIR Thursday 08 April 2021 11:53 The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its Final Report on the functioning of Organised Trading Facilities (OTFs). The report contains recommendations and possible amendments to MiFID II/MiFIR with a view to … Read more