SIX launches front-office service to assess tax-related costs of financial products
The tool is designed to analyse the tax consequences of financial products, and is available to banks, wealth and asset managers.
Market Infrastructure
SWIFT sets out two-year strategy for instant payments and securities processing
The new strategy aims to enable instant and frictionless end-to-end transactions between the world’s financial institutions.
Euroclear’s CREST suffers outages, hits Bank of England gilt buy-back
Euroclear's CREST system has suffered two outages, causing intermittent delays to settlement and impacting the Bank of England's gilt buy-back operation.
ISSA’s new leadership sets out vision for post-pandemic securities services industry
ISSA's Phil Brown and Vicky Kyproglou discuss their vision for the organisation, and how the industry body plans to react to the ‘new normal’ in a post-COVID 19 world.
Taiwan CSD partners with major indices providers for new ESG service
The Taiwan Depository & Clearing Corporation (TDCC) collaborates with FTSE Russell and MSCI among others on new ESG initiative.
Clearstream selects WM Gruppe to support SRD II obligations
Clearstream will use the WM-SRD-Hub for its central securities depositories (CSDs) in Germany and Luxembourg to comply with SRD II next month.
TEB Securities Services appointed account operator for Euroclear’s new Turkey link
TEB Securities Services will have the right to operate the omnibus account that Euroclear opened under its newly-structured membership at Turkey’s local CSD.
Majority of banks and brokers will be ready for ASX blockchain-based post-trade system in 2022, says exchange
A recent consultation by the ASX on the CHESS replacement timetable, showed around 91% of CHESS users said they will be able to meet the revised go-live date.
VP Securities CEO resigns after Euronext completes acquisition
New chief executive for VP Securities as Euronext completes takeover announced in April.
BNP Paribas Securities Services partners with NZX to boost offshore capital flows
The French custodian is working towards becoming a general clearing participant of the exchange, which is expected to be completed within the first half of 2021.