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People and MarketsRegulation

ESMA blames remote working for reg delay need

WFH_Adobe_575x375_12Mar2020

The European Securities and Markets Authority (ESMA) has said that making sure staff could work remotely hindered the ability of financial firms to work on regulatory and IT projects, in a final report calling for the implementation of a set of rules on settlement discipline — including on mandatory buy-ins — to be delayed until 2022.

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