Regulatory Alerts2018-04-05
ESMA Guidelines on the Process for Calculating Indicators to Determine the Most Relevant Settlement Currencies
The European Securities and Markets Authority (ESMA) issued guidelines to standardize the calculation of indicators used to identify the most relevant currencies for settlement. These guidelines provide a specific process for financial entities to determine which currencies are most significant in their settlement activities. The document ensures consistent application of these indicators across the European securities market to enhance regulatory oversight and data comparability.
Published on 5 April 2018
Updated on 5 March 2021
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CSSF circular
Guidelines issued by the European Securities and Markets Authority (ESMA) on the process for the calculation of the indicators to determine the most relevant currencies in which settlement takes place
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