Deutsche Boerse plans CSDR-related buy-in agent service to plug market gap
Incoming regulation requires a third-party buy-in agent in cases of settlement fail.
Incoming regulation requires a third-party buy-in agent in cases of settlement fail.
This rules will require firms that are taking on settlement themselves, and not through a CSD or sub-custodian, to report data on a quarterly basis.
Euroclear has now become CSDR approved in four countries, including Belgium, Finland, France and the UK.
The research explained how, for some firms, most settlement communications still occur through email instead of through secure networks.
Custodians could deliver superior value focusing on identifying operational pain-points for customers and created solutions off the back of it, according to Deutsche Bank.
Liquidity issues remain a thorn in the side of the securities finance industry even though returns are increasing.