Pilot of initiative aiming to be a single source of truth for securities lending industry; begins with fully automated DLT system set to go live across the market in 2024.
The service forms part of CLSSettlement which has seen a 38% year on year increase in cross currency swaps for the first half of 2023.
Network managers from across the custody space gathered to discuss the most prominent trends in the space from operational resiliency to digital transformation, regulation and – of course – settlement reductions. The Global Custodian editorial team combined to pull together our top takeaways from the event.
Experts discussed how to talk succession risk and make the network management space more attractive for young talents as experts highlight concerns and the need for upskilling in their own roles.
According to the firm, the new solution will offer a significant return on investment, improve efficiencies and assist with T+1 compliance.
DTCC and Nomura Research Institute collaborate to improve post-trade automation and efficiency in Japan
The move comes as firms prepare for the 2024 implementation of T+1 settlement cycles in the US; addresses domestic and cross-border transactions.
New programme initially launches with a Northbound channel, offering Hong Kong and international investors access to Mainland China’s interbank interest rate swap markets.
New partnership will help enhance Deutsche Börse’s cloud adoption and efficiency, develop its digital securities platform and innovate its digital asset market operations.
The taskforce will examine the case for quicker settlement times, with initial findings due to be published by December.
New offering will give clients opportunities to reduce costs as well as improved operational and strategic efficiencies.