In its Q3 results, the ICSD reported record custody assets of €40 trillion, all while facing legal challenges in Russia after €1.5 billion payment to the Ukraine fund in July.
Investment aligns with Euroclear’s digital ambitions – particularly in the funds space - and represents its first move under new Asia Pacific CEO.
New CEO most recently served as co-CEO of Euroclear’s global fund distribution platform, MFEX, which was acquired by the market infrastructure provider in 2021.
Another delay for the unified system for managing assets used as collateral in Eurosystem credit operations which will now be pushed back to the first half of 2025.
It has been quite a year for DTCC fronting the grand scale industry switch to T+1 in the US, while also readying for the upcoming US Treasury clearing and preparing itself for a digital future. We spoke with DTCC’s chief executive, Frank La Salla – who has been at the helm for two years after a decorated tenure at BNY – about a year to remember for the market infrastructure giant.
Enhancement adds local paying agency capabilities for European debt capital markets.
Listed on the Luxembourg Stock Exchange, the note raised $300 million to support Asian Infrastructure Investment Bank’s sustainable development bond programme.
Enhancements to post-trade platform, developed in partnership with Google, enable mass processing of up to 40,000 issuances per day.
Securities services industry appears unscathed in the wake of major disruption to IT systems around the world, as largest players inform Global Custodian of the impact on their business.
ICSD also announces a redesign of the structure and composition of its top management team, which includes a string of appointments to the executive committee.