European Commission extends temporary equivalence for Euroclear UK & Ireland
The move will allow Euroclear UK and Ireland (EUI) to continue to settle Irish-domiciled funds and securities once the Brexit transition period ends on 31 December.
Market Infrastructure
Operational resiliency among standout changes to AFME DDQ for 2021
The new version of the AFME DDQ also includes questions over how firms responded to the COVID-19 pandemic.
HKEX unveils new Northbound Stock Connect settlement platform
HKEX will use DAML-developed smart contracts and has partnered with DTCC to streamline and automate Northbound Stock Connect post-trade processes.
Broker-dealers can reduce post-trade costs by 25% through automation, says DTCC
The spike in trade settlement fails across the US and Europe highlighted the urgency for post-trade automation.
Industry fears slowdown of CSDR preparedness following delay
Panellists at the Network Forum Autumn Meeting echoed fears that plans comply with the rules have been put on hold since the announcement of its delay.
ASX announces a further year delay to post-trade DLT platform
The latest delay will push the project back to April 2023 as the exchange again cites COVID-19 as a cause.
ECB says ‘major incident’ hit TARGET2 system, settlements
ECB confirmed it suffered a major incident that impacted TARGET2 settlements, while T2S liquidity transfers were also affected.
Long-serving BBH custody product head joins DTCC
The addition will help support several of DTCC’s projects as it seeks to transform the securities post-trade process.
SWIFT seeks industry partner to help curb securities settlement failures
SWIFT plans to play a significant role in helping the industry to minimise securities settlement failures as part of its new two-year strategy.
Clearstream and LuxSE invest in digital bond issuance platform Origin
The investment is the latest in a number of ventures made by Clearstream in the digital asset space.