Travers Smith’s Post

🚨 EMIR 3.0: What You Need to Know 🚨 As the financial industry gears up for the implementation of EMIR 3.0 on 24 December 2024, it’s essential for derivatives users to understand the upcoming changes and their implications. The team at Travers Smith has provided a concise and insightful overview of what this means for market participants, including new reporting obligations and operational impacts. Jonathan Gilmour Joseph Wren Anne Tanney Jamie Errington Nick Morgan Lex navigate these changes together. 💡 #Derivatives #EMIR3 #RegulatoryUpdates #Finance #Compliance

#SDRs The International Monetary Fund has finally given the green light for the recycling of special drawing rights (SDRs) held by advanced economies to multilateral development banks (MDBs) like the African Development Bank Group to be used as hybrid capital. This approval has been a long time coming. However, there is still strong resistance to the proposal, particularly from certain European central bankers. I believe they will probably attempt to hinder the implementation of the proposal, either through inaction or by actively participating in the voluntary trading arrangements used to convert SDRs to hard currency. Remember that during the 2021 SDR allocation, western countries were given large SDR holdings while African countries received very little! https://lnkd.in/dVWDMUB9

In a recent Travers Smith webinar, our derivatives experts discussed the incoming changes for EMIR 3.0, the primary derivatives regulation in the EU. Jonathan Gilmour (Partner, Head of Derivatives & Structured Products), Joseph Wren (Partner), Sana Dossa (Senior Associate) and Elinor Samuel (Associate), guide through the key aspects of EMIR 3.0 for buy-side entities, including: - When will EMIR 3.0 come into force? - How will the clearing threshold calculations change? - What are the new reporting requirements? - How are the rules around intra-group transactions changing? - What is the active account requirement and who will it apply to? - What steps should market participants be thinking about to prepare for the new obligations under EMIR 3.0? Watch the full webinar now https://lnkd.in/eeSxK7wS

As businesses navigate the global market, effective forex management becomes vital. On Thursday, 19 September, I’ll be sharing insights on how the 7 key stages of foreign exchange risk management can improve your financial performance in our upcoming webinar hosted in partnership with the Department for Business and Trade and the UK Export Academy. To join me for this online event, register in the link below 👇 #Forex #RiskManagement #GlobalTrade CC Currencies Tax Consulting South Africa David Kane Bernadette Botha

The Middle East Securities Finance panel In the third instalment of a three-part series, industry experts discuss the Middle East’s key SBL models, the coexistence between conventional and Islamic finance, as well as the importance of responsible growth Issue 367 online now! - https://lnkd.in/gWChvii6

Coalition Greenwich (a division of CRISIL) recently published new research revealing that over half of corporates surveyed in their latest report are unaware of the Global FX Code. Furthermore, a majority of respondents suggested that they either don’t consider themselves active enough in the FX marketplace or that there is no benefit. Some of the reasons cited by those who are adopting the Code include high governance standards, fostering a level playing field between corporates and their banks, and improving both internal and external operating procedures related to foreign exchange. Read announcement: https://lnkd.in/eVDMtngA Stephen Bruel, Tom Jacques, CFA #treasury #fx #foreignexchange #coalitiongreenwich

Markets Adjust to Trump Presidency, Inflation in Limelight Lighthouse FX Currency Market Brief / Weekly Round-Up 11/11/2024 Exchange currency, manage FX risk and make large international payments with expert guidance +44 (0) 203 967 8796 #engineering #shipsandshipping #marketing #venturecapital #gettingthingsdone #bestadvice #travel #GBP #UK #Currency #companysecretary #manufacturer #realestateinvesting #repatriation #businessadvisory #accounting #revenue #accountspayable #internationalinvestment #globaleconomy #CrossborderTrade #inflation #retailsector #europeanmarkets #riskmanagementconsulting #markets #propertyinvestments

"A few systemically important EU institutions are getting bigger and bigger in the business of intermediating dollar liquidity and carrying out maturity transformation, with shadow banks as counterparties, and they’re mainly gaining market share in this business because of a long-standing and remarkably silly regulatory arbitrage." 

In this insightful session of Thought Leadership Thursdays, we delved into the intricacies of optimising your foreign exchange (FX) transactions. Joined by Kuda Kamushinda from Currencies Direct, we explored key strategies that investors and individuals can use to make the most out of their international money transfers. Each month, TLT hosts a 45-minute online session focused on topics that matter most to investors. TLT sessions take place on the second or third Thursday of each month. These sessions are on topics of interest to investors. We invite guest speakers to share their knowledge and insights with our community. Gain insights into optimising your portfolio through expert discussions on economics, offshore investing, investment tools, and more. TLT webinars provide a well-rounded perspective on how to enhance returns and reduce risk, helping you make informed decisions for a secure financial future. Don't miss the next TLT Session, subscribe now at https://lnkd.in/d8durWq8 #InvestmentStrategies #ThoughtLeadershipThursdays