More CSDs Expected to Work with SWIFT Financial messaging and systems cooperative SWIFT has just signed a memorandum of understanding (MOU) with seven central securities depositories (CSDs) that commits them to demonstrating how distributed ledger technology (DLT) could be put to work for post-trade operations, including corporate actions processing, shareholder and related voting, and proxy-voting…. Read More >>
T2S Migration Complete Amid Disappointments
TARGET2-Securities (T2S) has completed its final migration wave of central securities depositories (CSDs) with Iberclear Spain and its counterparts from Estonia, Latvia and Lithuania joining the fray. “Migration to T2S marks a major turning point in the evolution of the Spanish post-trade, after a years-long reform project which has been implemented in two stages,” says… Read More >>
ESMA Helps CSDs Prepare for New Rules
E.U. regulator the European Securities and Markets Authority (ESMA) has had a busy summer, with its latest efforts being the publication of guidelines regarding the cooperation between authorities under the Central Securities Depositories Regulation (CSDR). The CSDR is intended to ensure competent authorities (CAs) work together to apply the legislation in a consistent, efficient and effective supervisory manner…. Read More >>
Six CSDs Join T2S Push via SWIFT
In the largest migration to date, the Wave 4 group of the Target 2 Securities (T2S) effort saw six central securities depositories (CSD) going live, doubling the volumes on the pan-European securities settlement platform. This brings the total to 18 CSDs from 16 countries representing more than 80 percent of European securities. Five of the… Read More >>
Unified Settlement Push in Europe Hits Speed Bumps
The European Central Bank (ECB) has rescheduled the implementation of its Target 2 Securities (T2S) program, allowing one of the largest central securities depositories (CSDs) to delay migration until September 2016. The delays, however, are not likely to derail the T2S push, launched in June 2015 to create a single European platform for securities settlement…. Read More >>
‘Africlear Global’ Pushes Ops Revamp across Continent
The Fund for Africa Private Sector Assistance (FAPA) of the African Development Bank (AfDB) made a $400,000 seed investment in Africlear Global to enhance the efficiency of capital markets by “supporting the modernization of central securities depository infrastructure across Africa,” officials say. (FAPA signed the agreement with Africlear on March 5, 2015.) The Africlear Global… Read More >>
Our Special Report on the Key Ops Issues for 2015
Making predictions about the Top Ops issues for 2015 is more challenging than you might think, given the many facets of securities operations. We began our predictions coverage at the end of 2014 by reaching out to industry analysts and participants such as Virginie O’Shea, a senior analyst with Aite Group; Tim Lind, global head… Read More >>
