ESMA flags rising cyber and operational risks for European market
Regulator points to Iberian blackout and T2S disruption as reminders of systemic fragility.
Settlement
Euroclear adds Bourse Direct as first retail broker for iETF settlement
Connection gives French online brokerage access to Euroclear Bank’s international ETF model.
Lack of automation and data standards could cost industry billions under T+1
Strong data standards and automation are key to a smooth T+1 shift, but adoption and enforcement can pose challenges, agreed experts at Euroclear’s Modernising Securities Markets conference.
Clearstream and MKK launch direct link for Turkish government debt securities
Foreign investors to gain omnibus account access while existing equity and corporate bond arrangements remain unchanged.
U.S. Bank becomes third member to join CLSSettlement this year
The move also makes the firm, which is the fifth largest bank in the US, the service’s seventy-sixth settlement member.
DTCC looks to launch new cleared tri-party service through BNY
FICC submits rule filing with the SEC for approval to offer a new “Collateral-in-Lieu” service as part of its sponsored general collateral offering.
SIX and Swiss Post-Trade Council issue T+1 recommendations for Switzerland and Liechtenstein migration
A market consultation is open until 10 October 2025, ahead of an industry event hosted by SIX on 23 September 2025 to present the roadmap.
JP Morgan and BNP Paribas adopt DTCC’s tri-party matching workflow
Prime brokers streamline post-trade processes ahead of Europe’s T+1 settlement transition in 2027.
HSBC executes first trade under enhanced offshore bond connect repo scheme
Bank supports cross-currency repo transactions and collateral reuse as Hong Kong deepens connectivity with global markets.
OTP Bank becomes CLSSettlement’s seventy fifth settlement member
The Hungarian bank is the second settlement member to join the firm this year, following the re-addition of ABN AMRO in June.