European CSD fees up to 650% higher than North America levels, finds AFME
AFME report raises questions over transparency, profitability and market competitiveness in Europe as respondents highlight complexities and difficulty understanding charges.
News
DTCC appoints managing director of digital assets from Soc Gen
With over two decades of experience in securities and banking operations, the new managing director will support DTCC’s digital assets strategy.
Technology
Citi accelerates real-time asset servicing with Single Event Processing technology rollout
Landmark development has seen event creation reduced from hours to minutes, with the technology currently being rolled out in North America and extended to the rest of Citi’s custody network by 2026.
Apex Group goes live with AI-driven WealthTech platform
The new platform aims to lower barriers to entry and streamline processes for wealth managers, banks and distributors looking to access private markets.
Swift, DTCC, Euroclear, and UBS lead push to standardise corporate actions
Working with Chainlink, a consortium of 24 global institutions is testing AI and blockchain to turn fragmented corporate action data into real-time, verifiable records.
State Street named custodian in partnership with Solutions & Funds for Swiss market
The collaboration combines Solutions & Funds’ ManCo services with State Street’s custody and asset servicing.
BNP Paribas wins UK asset servicing mandate from Allianz
Mandate covers custody, securities lending, FX and cash services.
Clearstream and Euroclear set timeline for Eurobond digitisation
Dematerialised issuance to begin in 2026 as ICSDs introduce common data standard to streamline market processes.
Euroclear looks to challenge Euronext’s default settlement position with application to become alternative CSD
From September 2026, Euronext Securities will be designated as the default CSD for equities trades in Amsterdam, Brussels and Paris, which has led Euroclear to remind its clients that they have “freedom of choice” for settlement under European regulations.
Northern Trust signs MoU with Universiti Brunei Darussalam on digital and fintech talent
Partnership outlines joint research in digital assets, AI applications and financial market trends.