The European Union’s transition to T+1 settlement hasn’t been keeping Giovanni Sabatini up at night yet. However, potential technical complexities that could derail the process are top of mind for the man tasked with shepherding all 27 E.U. member states across the finish line by October 11, 2027. Sabatini was recently elected to lead of the Industry… 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 >>
Blockchain for Clearing and Settlement to Be Gradual: Report
The emergence of blockchain/distributed ledger technology (DLT) could led to “a new global clearing and settlement infrastructure” for domains that are “currently poorly served by existing infrastructure or facing poor value for money,” according to a new report from GBST, a securities transaction and fund administration software vendor. However, it’s likely to be a gradual… Read More >>
ECB Issues Warning Call About Blockchain
The sheer fact that the European Central Bank (ECB) is examining the use of the distributed ledger technology (DLT) for the Eurosystem’s market infrastructure has put blockchain firmly on the financial map. However, more work needs to be done to see whether this shared database — originally developed for cryptocurrency Bitcoin and used to secure… Read More >>
Markit Lines Up Clients for KY3P Platform
Two Asset Managers Take KY3P Platform Markit, a provider of financial information services and systems, reports that two asset managers — BlueBay Asset Management and Loomis, Sayles & Co. — and a software services company Luxoft are new customers for Markit’s Know Your Third Party (KY3P) platform. The sales for the KY3P platform have been… 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 >>
Information Mosaic: ‘15022 Adoption Wave Has Passed’
Q: What SWIFT-related product trends have you seen among your clients for this year? A: The ISO 15022 adoption wave has passed. The flaws, particularly the non-extendibility and inability to capture all the relevant information in a structured format, are well-recognized by the industry. A new trend in Asia-Pacific saw a major exchange implement a… Read More >>
