The decade-long building and implementation of the pan-European settlement system came under fire at the Sibos expo in Sydney as market participants face up to the realities of the project.
Custodians and market infrastructures are being required by regulators to look at the assets they are safeguarding and who they belong to.
RBC to provide custody and fund administration services for Coin Square's new ETFs.
New tokenised collateral system will make a ‘winner out of everyone’ as backers eye ambitious expansion
Tokenised collateral mobility system eyes expansion into cash and new regions ahead of market adoption at the end of the year.
Europe’s data protection laws and the incoming CSD Regulation could prevent implementation of the technology in the post-trade area.
The service will streamline corporate actions, dividend and coupon processing across asset classes, business lines and regions.
Big data is becoming a greater value proposition for custodians than the traditional model of asset keeping and settlement.
De Vidts, who has served in the financial markets since 1972, was one of the pioneers of the international and tri-party markets in the mid-1990s.
The DA platform processed more than four times the amount of trades per second than the latest DLT prototype developed by DTCC.
Assets under custody and administration (AuC/A) also jumped 7% for BNY Mellon to $34.5 trillion and 12% for Northern Trust to $10.8 trillion.