Don’t tighten SFT regulations without more data – ESMA paper

Esma's Paris headquarters

Stricter regulation of haircuts on securities financing transactions (SFTs) should wait until policymakers have more detailed information on the instruments, or risk increasing financial instability, an article published by the European Securities and Markets Authority (Esma) argues.

Julien Mazzacurati’s article, ‘Haircuts in EU securities financing markets’, is published in Esma’s latest Report on Trends, Risks and Vulnerabilities. European Union markets in SFTs are “very large”, Mazzacurati

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