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Amwelladmin (talk | contribs) Created page with "There is a school of thought that the Heat death of the universe was only narrowly avoided during the implementation of the [[securities financing transaction regulations]..." |
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The [[boredom heat death]] of the universe was only narrowly avoided during the implementation of the [[securities financing transaction regulations]] when a cartel of well-meaning industry associations and their respective [[legal working group|legal working groups]] jointly produced a [[Media:SFTR-information-statement.pdf|fifteen page, 5,000 word document]] explaining the concept of [[title transfer]]. | |||
To this day, financial institutions around [[EEA|Europe]] have whole departments whose only function is to send [[SFTR]] disclosures to each other. Once a year, at Christmas, their email batteries fall silent and they meet atop the trenches for a game of football in No-Man’s Land. | |||
Latest revision as of 13:07, 5 April 2023
The boredom heat death of the universe was only narrowly avoided during the implementation of the securities financing transaction regulations when a cartel of well-meaning industry associations and their respective legal working groups jointly produced a fifteen page, 5,000 word document explaining the concept of title transfer.
To this day, financial institutions around Europe have whole departments whose only function is to send SFTR disclosures to each other. Once a year, at Christmas, their email batteries fall silent and they meet atop the trenches for a game of football in No-Man’s Land.