European Commission removes mandatory buy-ins from CSDR for now
Securities industry gets its wish as mandatory buy-ins are temporarily scrapped, with regulators warning they could reintroduce the controversial regulation.
Tag: CSDR
Euronext Securities’ four CSDs achieve full CSDR compliance
Euronext Securities Oslo receives licence to operate under the CSDR, marking the final step for the company to align with the European regulatory framework.
Clearstream achieves full CSDR compliance for European CSDs
The last license was granted to Clearstream Banking, its German CSD, by BaFin this month.
Nordea’s custody sales head to lead securities services for Citi in Finland
Hire follows deal between Nordea and Citi to recommend the Nordic bank’s existing sub-custody clients to appoint the US bank as their replacement provider after exiting the space.
Commerzbank’s decision to pull outsourcing agreement with HSBC shows conflict around post-trade operations
Regulations such as DORA and CSDR are combining in a way that is forcing many to make some tough choices about who carries out these post-trade functions.
Trade associations demand SDR delay following recent EC communication
AFME, ISDA and ISLA among trade bodies to deliver the concise message of delay the settlement discipline regime.
European Commission to consider changes to CSDR’s penalty regime
With just seven months to go until the go-live of SDR, market participants have grown increasingly worried that they will be unable to make the necessary changes to their operations to meet the rules.
Market Infrastructure
Fireside Friday with …. Clearstream’s Samuel Riley
Samuel Riley, executive board member and head of investor services and financing at Clearstream, speaks to GC on how the ICSD is helping the post-trade industry to fill in the gaps with data.
Greek CSD migrates its international assets under custody to SIX
SIX has also been appointed as the global custody solutions provider for the Greek CSD.
ESMA calls for European Commission to expand scope of CSDR
ESMA have suggested the scope of the rules should include oversight of T2S and of third-country CSDs operating settlement services in the EU.