Sale of small stake comes just days after the French bank said its net profit jumped 32% thanks to a capital gain booked on its stake in Euroclear.
Euroclear’s investment fund services offering provides end-to-end automation for order placement, settlement and asset services.
Joseph Lubin describes CSDs as “conceptual construct” that can take a decentralised form, forcing Euroclear to defend their role.
Euroclear UK & Ireland has become the first foreign financial market infrastructure to connect to the Federal Reserve’s National Settlement Service, enabling clients to settle transactions in US dollars in central bank money.
The investment from Euroclear was in response to client demands wanting access untapped liquidity pools in the bond market.
One of Euroclear's most senior leaders has left after 27 years to explore new entrepreneurial challenges.
The enhancements include a direct buy-side access link with LCH RepoClear, added tri-party repo services, and a new collateral optimisation tool.
Nasdaq, EuroCCP, Euroclear and ABN AMRO Clearing use blockchain for collateral processes in ‘breakthrough for CCP model’.
Stephan Koschmieder has been appointed head of business development for Germany, Austria and CEE region at BNY Mellon.
Euroclear will instead look for an alternative solution to carry out settlement services after the UK leaves the EU.