T2-T2S consolidation project delayed until November 2022 after industry pressure
ECB decided to push back project to replace TARGET2 with a new real-time gross settlement, while also delaying the new Eurosystem Collateral Management system.
Market Infrastructure
Raiffeisenbank becomes first international custodian for Kazakhstan CSD
AIX CSD is part of new exchange group set up in Kazakhstan, with clients now able to hold their assets under Raiffeisenbank’s custody.
Market activity spurs Euroclear results uptick in eventful first H1
Post-trade settlement provider had an eventful first half of the year with new launches and partnerships as H1 results see rises in income and AUC.
Euronext gains regulatory approval for Danish CSD takeover
Euronext confirmed in April plans to acquire Danish central securities depository VP Securities in the exchange group’s latest takeover.
European Commission confirms ‘time-limited’ equivalence for UK CCPs
As the European Commission finalises EMIR 2.2, it has confirmed a temporary equivalence decision for UK CCPs from January 2021.
UBS converts European ETFs to Clearstream’s ICSDplus model
European asset managers in Ireland are faced with the challenge of moving to alternative ETF issuance and settlement models in order to limit the impact of Brexit.
Clearstream and LCH establish new post-trade connection
Exchange traded products and global depository receipts cleared through LCH can be settled on Clearstream from Q3 onwards.
DTCC expands global custodian users for settlement data service
DTCC has gone live with four new custodians on the service, growing its impressive list of users to 11.
ASX announces one-year delay to DLT post-trade system
The announcement comes as the exchange faced pressure by users to push back the plan, which is now set for April 2022.
Clearstream opens direct link to Romanian equities market
The new link is part of Clearstream’s wider strategy to link emerging and frontier markets to its international central securities depository (ICSD) structure.