A shift to T+1 looks all the more likely after three organisations representing banks and brokers conclude that the benefits outweigh challenges.
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.
Nearly half of banks and brokers intend to change their middle-office system completely, according to the survey.
The project, named Convergence, includes the migration of CLSSettlement onto its Unified Services Platform (USP).
The Code will place greater importance on the use of PvP settlement mechanisms and promote the use of automated settlement netting systems.
The Brussels-based international CSD has opened new links with numerous emerging and frontier markets, enabling both foreign and domestic investors to tap wider liquidity pools.
The test gives Euroclear a broad understanding into the running of an entire post-trade business on a blockchain platform.
HKEX Synapse, unveiled in November last year, will enable asset managers, custody and clearing banks to handle the growing volume of trades though Stock Connect into China.
UK central bank makes recommendations to Euroclear UK and Ireland following CREST outage last year which, it said, ‘caused notable market disruption’.
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.