Euroclear Bank will be able to offer clients the choice between euro settlement in both commercial bank and central bank money.
Clearstream’s current strategy has been focused on the continued rollout of its InvestorCSD, and the expansion of its investment fund services business.
The aim for the new CSD is to provide a harmonised platform for the issuance, trading, settlement and custody for commercial paper.
Sub-custodians are now forced to adapt their businesses to accommodate the competition posed by Investor CSD models.
Industry experts argued further consolidation in the custody industry could be likely, but doubted it will happen within the next 12 months to five years.
Earlier this month, the ECB granted SWIFT the first network licence enabling it to provide connectivity services to the ESMIG.
Technology, regulation, diversity, Brexit, T2S, the role of the network manager and much more discussed at the annual event, this year held in Athens.
In migration to the ESMIG the European Central Bank is planning to consolidate all of their TARGET projects.
FX settlement system names new CEO following exit of David Puth in September 2018.
New paper highlights the need for a standardised interface for investors to enable the post-trade industry to operate at the same level as an Amazon-style company.