Bank of England takes action against Euroclear following 2020 CREST outage
UK central bank makes recommendations to Euroclear UK and Ireland following CREST outage last year which, it said, ‘caused notable market disruption’.
UK central bank makes recommendations to Euroclear UK and Ireland following CREST outage last year which, it said, ‘caused notable market disruption’.
Busy quarter of product launches and post-Brexit moves culminates in uptick across some business lines and assets under custody, despite profit dip.
Euroclear's CREST system has suffered two outages, causing intermittent delays to settlement and impacting the Bank of England's gilt buy-back operation.