The agreement between ESMA and the Bank of England eases concerns of significant disruption to the Irish securities market.
UK exchange group acquires 4.92% stake in Euroclear as two look to work together on commercial collaboration and product development.
Global Custodian understands the promotion marks a new strategic focus for Euroclear to drive sales with financial institutions in the Americas region.
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.