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There is a school of thought that 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]] | There is a school of thought that 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]]. | ||
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. | 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. | ||