T2-T2S consolidation project delayed until November 2022 after industry pressure
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.
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.
The combined solution will deliver a real-time platform for clients to manage the settlement fail and buy-in process.
Deal with the international central securities depository will open up the Turkish government bond market to international investors.
ECB releases annual statement with transactions value and volumes data and updates on other initiatives.
Custodians are still waiting for vital information to work out exactly how the penalties are calculated under CSDR.