Author Archives: Julian Eyre

Delta Capita buys securities finance consultancy The Field Effect

01 February 2019 Ten months after striking a strategic partnership, Delta Capita has acquired The Field Effect, creating one of the larger specialised consultancies service providers in prime brokerage, securities finance and collateral management. “The combined capabilities of both businesses creates a leading player in the market, at a time when the industry is experiencing […]

The Field Effect SFTR services update December 2018

SFTR – are you ready for 2020 compliance? The European Commission formally adopted the final SFTR RTS on 13 December so the timescale is now pressing to design, implement and test your SFTR solution. Here we look at how The Field Effect can help with SFTR architecture / data quality review; vendor evaluation / solution […]

SFTR – Call to action

Following the announcement by the European Commission on the 13th December that they are progressing with the ratification of the SFTR reporting requirements, there it is expected to be a 3-month parliamentary approval process, then the reporting go-live date will be Q2 2020 for the first phase of reporting firms. Whilst this process continues firms […]

Risk-Free Rate Transitioning plans

The Field Effect attended this year’s ICMA buy-side (AMIC) conference in London, where there was an active panel discussion on the use of Risk-Free Rates and the (L)IBOR transition.  The discussion centered on the need for firms to prepare now for the (L)IBOR transition in 2021 – for both new and legacy bond issuance, securitisation […]

Central banks call for an increase in trade data quality and coverage

Simon Davies – The new BIS / IFC report (here) on the use of captured derivatives transaction reporting to TRs and central banks from BIS, emphasises the need for increasing the quality of data reported. Financial Stability Board (FSB) jurisdictions feel that the data gathered on OTC and some exchange traded derivatives is good, but […]

Common Domain Model Frequently Asked Questions

Following the recent initiative from ISDA to develop and codify a Common Domain Model it seems that there is an opportunity to clarify and explain what a CDM may be and its possible uses. The FAQ document attached CDM FAQ_1 Nov Final is a preliminary look at a CDM and its potential application to the Securities Finance […]

The Securities Lending Times published its recent SFTR annual report 2018/19

In our article, The Field Effect explores some of the headwinds the industry is facing, and what can be done about it. Read the full article here The Field Effect – SFTR Industry impact To find out more, contact us at

CSDR an opportunity with a sting in its tail

Simon Davies writes – CSDR affects a broad range of asset classes involved in trading securities, collateral management, securities lending and repo TFE CSDR impacts analysis There is an opportunity for market participants to access harmonised, automated, continuous real-time matching and cash settlement instructions within the EU, with CSDs providing enhancements to their services and […]

IBOR replacement (end-2021) why firms need to act NOW

Jonathan Adams writes – The impact of the replacement of Interbank Offer Rates or IBORs is far reaching both geographically and by the sheer volume and diversity of products that use them as benchmarks (estimated 300 trillion USD equivalent).  Moreover, the operational impact to the banks, asset managers, insurers and their respective clients that issue, […]

The Bank of England Money Market Code and Securities Finance

The Bank of England Money Market Code challenges firms to comply with industry best practices in securities finance.  Simon Davies of TFE notes – The Bank of England has published its register of firms that have adopted the UK Money Market Code – The code sets out the standards and best practice expected from […]