Settlement fails cited as major operational strain on banks’ middle-office teams
Nearly half of banks and brokers intend to change their middle-office system completely, according to the survey.
Tag: settlement
CLS completes largest technology change initiative with revamped settlement platform
The project, named Convergence, includes the migration of CLSSettlement onto its Unified Services Platform (USP).
FX Global Code introduces changes to principles for reducing settlement risk
The Code will place greater importance on the use of PvP settlement mechanisms and promote the use of automated settlement netting systems.
Euroclear opens foreign investor access to Chilean corporate bonds
The Brussels-based international CSD has opened new links with numerous emerging and frontier markets, enabling both foreign and domestic investors to tap wider liquidity pools.
Euroclear leads test with custodians and French central bank on CBDC settlement
The test gives Euroclear a broad understanding into the running of an entire post-trade business on a blockchain platform.
HKEX onboards global custody banks to new Northbound Stock Connect settlement platform
HKEX Synapse, unveiled in November last year, will enable asset managers, custody and clearing banks to handle the growing volume of trades though Stock Connect into China.
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’.
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.
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.
AccessFintech and SIX partner to offer CSDR data service to clients
CSDR eligibility and penalty data looks to solve one of the major CSDR challenges - the sourcing of eligibility data.