Clearstream’s licence was granted by the German Federal Financial Services Authority BaFin and is effective immediately.
The purchase and subsequent partnership with UBS marks another active move from Clearstream into bolstering its fund services offering.
The end of the joint venture marks the conclusion of a project that has been wrought with delays and high-profile executive departures in its relatively short lifespan.
In the final part of our ‘what to look out for in 2020’, we ask industry experts’ in for their input on what changes they see within the client world and market infrastructures in the New Year.
In the third part of our ‘what to look out for in 2020’, we ask industry experts’ for their input on investment in the securities services industry.
Asset managers are prioritising onshore China access next year as the opening up of the market and investment schemes finally pave the way to reaping rewards from the enormous capital raising potential.
Euroclear has now been granted six licenses for its various CSDs in Belgium, Finland, France, the Netherlands and Sweden.
The new connection aims to facilitate cross-border settlement in TARGET2 Securities (T2S) markets, giving easier access to Baltic securities.
SGX stated the new rates would make it more attractive for institutional investors to borrow, and could result in higher volumes.
APAC markets outside of China are seeing renewed interest from global institutional investors following a series of market structure and regulatory reforms.