The decade-long building and implementation of the pan-European settlement system came under fire at the Sibos expo in Sydney as market participants face up to the realities of the project.
The move will enable CACEIS to add Italy to the list of European countries in which it already operates directly through T2S.
AFME recently published a new report arguing post-trade reforms need to go further to remove harmonisation barriers.
Graham Ray named EMEA head of securities services for Deutsche Bank, with Jeslyn Tan appointed deputy head of global product management in Singapore.
The new account will bring around 80% of the custody and settlement volume of T2S markets onto Clearstream’s Investor CSD services.
The combined service brings together a global custodian, a CSD and an asset servicing agent into a single T2S offering.
Differences in national rules on corporate actions have been identified as a critical barrier to an integrated EU post-trade environment.