Regulators seek to minimise the potentially wide-spread impact of Brexit on Europe’s capital markets.
The development follows similar initiatives involving Euroclear and local market infrastructures in both China and Japan.
Lisa O’Connor, head of capital markets strategy at SWIFT, talks to Global Custodian about how the cooperative plans to position its services to enable more efficient end-to-end transaction management, based on ISO 20022.
Following the launch of Yulan Bonds in China a week ago, Euroclear Bank to work with Japanese market participants to launch Origami bonds.
The hire will bolster Euroclear's international strategic growth efforts and its programme to explore using new technologiees.
The mandate, covering approximately AUD$80-90 billion in assets, further extends the relationship between Clearstream and BNP Paribas Securities Services.
The two market infrastructures have teamed up to launch Yulan bonds, connecting global investors to Chinese issuers without navigating China’s settlement system.
The majority of industry bodies and market participants will most likely focus their feedback on the settlement penalties and the buy-in components of CSDR.
Seventh and final CSDR license for Euroclear Group as UK and Ireland is approved by Bank of England.
SIX Digital Exchange said it will enable banks to develop new financial services and “yet to be imagined products” around cryptocurrencies and digital assets.