Custodians adopt Proxymity’s real-time proxy voting following post-Brexit shift for Irish securities
The FinTech firm stated many of the major registrars and custodians have adopted the Proxymity platform, representing 96% of Irish equity issuers.
Many investment banks have had to scramble to update their back-office operations in order to prevent a potential spike of failed trades.
The UK has potential to reinvent its image post-Brexit, despite facing passporting challenges in the short-term, say experts.
Organisational restructure will see the closure of Societe Generale’s securities services offering to funds in the UK.
ATP joins Dutch pension fund PGGM and German asset manager Ampega which have gone live on SimCorp’s securities finance reporting solution.
Regulators seek to minimise the potentially wide-spread impact of Brexit on Europe’s capital markets.
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.
Lobbyists likely to use UK decision to not implement the settlement discipline regime as further leverage in calls for a delay.