Euroclear's CREST system has suffered two outages, causing intermittent delays to settlement and impacting the Bank of England's gilt buy-back operation.
Deutsche Bank will support the broking firm’s institutional clients with custody and settlement services for its Turkish fixed income securities.
Majority of banks and brokers will be ready for ASX blockchain-based post-trade system in 2022, says exchange
A recent consultation by the ASX on the CHESS replacement timetable, showed around 91% of CHESS users said they will be able to meet the revised go-live date.
The French custodian is working towards becoming a general clearing participant of the exchange, which is expected to be completed within the first half of 2021.
ECB decided to push back project to replace TARGET2 with a new real-time gross settlement, while also delaying the new Eurosystem Collateral Management system.
The proposal came in response to a request from the European Commission to further postpone the Settlement Discipline Regime.
Citi states it has become the first sub-custodian in Hong Kong to leverage bot technology to provide real-time processing for matching and settlement of trades.
European asset managers in Ireland are faced with the challenge of moving to alternative ETF issuance and settlement models in order to limit the impact of Brexit.
DTCC has gone live with four new custodians on the service, growing its impressive list of users to 11.
Lobbyists likely to use UK decision to not implement the settlement discipline regime as further leverage in calls for a delay.