Preparing for CSDR: Mandatory buy-ins out; cash penalties in

The implementation of the final leg of the Central Securities Depositories Regulation (CSDR) has been nothing short of tortuous. Despite the industry’s relief following the indefinite postponement of the mandatory buy-in regime, the imposition of cash penalties for trade settlement fails is still happening and could pose problems for market participants.
By Charles Gubert

To access this premium content, please LOG IN or

«