sofia gerace (@sof_gi) 's Twitter Profile
sofia gerace

@sof_gi

UK financial regulation reporter at @mlexclusive [email protected]

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calendar_today02-05-2020 17:51:05

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Payments giants Visa and Mastercard are in regulators’ crosshairs once more amid antitrust concerns over spikes in cross-border interchange fees: mlex.com/mlex/articles/…

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Industry representatives active in the post-trade sector have designated Giovanni Sabatini to act as Independent Industry Chair leading their work to facilitate the migration to T+1 in the EU. 🧭 guiding the work of the industry 🧭 link between industry and public sector

Industry representatives active in the post-trade sector have designated Giovanni Sabatini to act as Independent Industry Chair leading their work to facilitate the migration to T+1 in the EU.

🧭 guiding the work of the industry
🧭 link between industry and public sector
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Some news for financial regulation geeks: The industry committee on the shortening of the settlement cycle (or "T+1") will have a dozen members representing various industries involved in the move, according to a draft list we saw with sofia gerace mlex.com/mlex/financial…

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T+1 news! I got to speak with Giovanni Sabatini, former leader of the Italian Banking Association, who is set to drive the move towards accelerated trade settlement in the EU 🇪🇺 It’s quite a task but he has got a good plan. Read more here: mlex.com/mlex/financial…

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NEW: Italy, France, Germany urged the EU Commission to create an ad-hoc group to assess the competitiveness of EU banks and give policy recommendations. They are worried about banks losing ground vis-à-vis their competitors, according to a doc seen by MLex mlex.com/mlex/financial…

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🚨Defense investment won’t put UK financial services at odds with ESG standards, FCA tells me mlex.com/mlex/financial…

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More T+1 news! The UK trading community expressed worries that the EU won’t be ready by Oct 2027, and will create divergence with UK. Andrews Douglas, chair of the UK taskforce, said there’s nothing to worry about: mlex.com/mlex/financial…

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Exclusive: Defense investment won't put 🇬🇧 financial services at odds with #ESG standards, Financial Conduct Authority told sofia gerace 🌍 More for MLex readers 👇 #finance #green #news mlex.com/mlex/financial…

Exclusive: Defense investment won't put 🇬🇧 financial services at odds with #ESG standards, <a href="/TheFCA/">Financial Conduct Authority</a> told <a href="/sof_gi/">sofia gerace</a> 🌍

More for <a href="/mlexclusive/">MLex</a> readers 👇

#finance #green #news 

mlex.com/mlex/financial…
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Ex-Barclays CEO Jes Staley told Britain’s Upper Tribunal he “never attempted to conceal” his relationship with Jeffrey Epstein. "He is an individual with whom I deeply regret my association," he said. mlex.com/mlex/articles/…

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The former boss of Barclays has accused the City regulator of seeking to destroy his reputation with its investigation into his ties to Jeffrey Epstein, a court has heard thetimes.com/business-money…

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EXC: The head of the EU T+1 taskforce urged the authorities to remove securities financing transactions from the scope of the shift to a faster settlement cycle: mlex.com/mlex/financial…

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What is going on with securities financing transactions and T+1 in EU and UK? Read me here to know all about it! mlex.com/mlex/articles/…

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EU banks are set to see a consultation from the European Commission over the application of the trading rules provisions following uncertainty over the Basel 3.1 rules' application in the US and the UK. mlex.com/mlex/financial…

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The market needs to be ready for “more things to go wrong," as the 🇬🇧 asks regulators to help grow the economy, Financial Conduct Authority chief Nikhil Rathi says. 🌍 Read sofia gerace's interview here🔓 mlex.com/mlex/articles/… #news #finance #markets #economics #exclusive #interview

The market needs to be ready for “more things to go wrong," as the 🇬🇧 asks regulators to help grow the economy, <a href="/TheFCA/">Financial Conduct Authority</a> chief Nikhil Rathi says. 🌍 

Read <a href="/sof_gi/">sofia gerace</a>'s interview here🔓

mlex.com/mlex/articles/…

#news #finance #markets #economics #exclusive #interview
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We heard a lot about T+1 in the past year, but not so much on what it would actually cost. Today we got some answers. @FintechFirewill found that it will be expensive, more than it was in the US. Read my story here: mlex.com/mlex/financial…

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Trade finance rules are still a niche, but underpin 85% of global trade. Reeves said that UK regulations act as a “boot on the neck of businesses,” but didn't mention what she will do for trade finance. "That silence speaks volumes," British Exporters Association (BExA) said. mlex.com/mlex/financial…