Fund manager giants prepare to migrate ETFs to ICSD model
Europe's largest asset managers are working towards launching new and transitioning current Irish-domiciled ETFs to an ICSD settlement structure.
Tag: Brexit
Irish ETF issuers face race to move to ICSD model
A recent report suggests managers face very little time to select an alternative for Irish-issued ETFs that are still settling in a domestic model.
Uncertainty surrounds the future of UK’s post-Brexit clearing plans
FCA chief Bailey voices his concern over the future of the UK's CCPs once its temporary recognition with ESMA expires in 2020.
Top ten discussion points from the Network Forum Annual Meeting
Technology, regulation, diversity, Brexit, T2S, the role of the network manager and much more discussed at the annual event, this year held in Athens.
An industry divided: The perceptions and realities of the capital markets union
The Capital Markets Union has drawn wide criticism for failing in its various objectives and the road won’t be any clearer with Brexit on the horizon. GC looks at the current state of play and assesses whether there’s still hope for the project.
UK fund investors move £62 billion offshore for Brexit prep
Global custodians and fund administrators have bolstered their teams in Ireland and Luxembourg in anticipation of these new flows.
Clearing takes centre stage as Brexit threatens derivatives fragmentation
London stands to lose a significant amount of clearing business from European derivatives traders as a result of Brexit. How will this fragmentation affect Europe’s clearing landscape, asks David Whitehouse.
Clash over post-Brexit stock trading rules could mean further UK-EU regulatory divergence
As UK and European regulators clash over post-Brexit share trading rules, it could spell further divergence for post-trade arrangements.
EuroCCP to clear for new post-Brexit EU entities of Cboe, Turquoise & Aquis
Cboe and Turquoise have established EU entities in Amsterdam, while Aquis Exchange set up its new EU base in Paris.
Northern Trust makes Brexit play by establishing Luxembourg bank
The custodian selected Luxembourg as its post-Brexit destination in 2017, creating an EU-banking license as it looked to continue serving continental European funds.