DTCC is the latest post-trade market infrastructure planning to move its European operations from London to Ireland.
As the long-standing chief executive of EuroCCP, Diana Chan, steps down from her role, Global Custodian discusses her legacy with the company and what she believes the next decade holds for clearing.
Many custodians, fund administrators and market infrastructures are planning to expand their operations in the country to meet the growth of Irish-domiciled funds.
BBH's associate general counsel says Brexit has been relatively easy for custodians, and that the firm could look to add numbers in the UK.
As the UK and EU negotiate how their various relations will be governed post-Brexit, the arrangements established with Switzerland are sometimes cited as a possible template. GC spoke to Thomas Zeeb, head of securities and exchanges at SIX, about the lessons the UK securities industry might wish to take from the Swiss experience.
Euroclear will instead look for an alternative solution to carry out settlement services after the UK leaves the EU.
Euroclear announced plans for a new Irish CSD as it continues its preparation for the UK’s exit from the EU.