Securities industry gets its wish as mandatory buy-ins are temporarily scrapped, with regulators warning they could reintroduce the controversial regulation.
Euronext Securities Oslo receives licence to operate under the CSDR, marking the final step for the company to align with the European regulatory framework.
The last license was granted to Clearstream Banking, its German CSD, by BaFin this month.
Hire follows deal between Nordea and Citi to recommend the Nordic bank’s existing sub-custody clients to appoint the US bank as their replacement provider after exiting the space.
Commerzbank’s decision to pull outsourcing agreement with HSBC shows conflict around post-trade operations
Regulations such as DORA and CSDR are combining in a way that is forcing many to make some tough choices about who carries out these post-trade functions.
AFME, ISDA and ISLA among trade bodies to deliver the concise message of delay the settlement discipline regime.
With just seven months to go until the go-live of SDR, market participants have grown increasingly worried that they will be unable to make the necessary changes to their operations to meet the rules.
Samuel Riley, executive board member and head of investor services and financing at Clearstream, speaks to GC on how the ICSD is helping the post-trade industry to fill in the gaps with data.
SIX has also been appointed as the global custody solutions provider for the Greek CSD.
ESMA have suggested the scope of the rules should include oversight of T2S and of third-country CSDs operating settlement services in the EU.