The phrase “a borderless, neutral single market for securities across Europe” is one that appears regularly throughout all communications on settlements services from the European Central Bank (ECB) and European Commission. In fact, it appeared a lot last Friday, when the ECB released two key documents: the TARGET2 for Securities (T2S) User Requirements and Collateral…
The phrase “a borderless, neutral single market for securities across Europe” is one that appears regularly throughout all communications on settlements services from the European Central Bank (ECB) and European Commission. In fact, it appeared a lot last Friday, when the ECB released two key documents: the TARGET2 for Securities (T2S) User Requirements and Collateral…
The International Central Securities Depositories (ICSDs) of Euroclear and Clearstream are very competitive with and against each other and, as mentioned yesterday, there are many other services that CSDs offer other than just settlement. The Linked Up Markets group and other activities are starting to change the landscape of these end game post-trade activities but,…
The International Central Securities Depositories (ICSDs) of Euroclear and Clearstream are very competitive with and against each other and, as mentioned yesterday, there are many other services that CSDs offer other than just settlement. The Linked Up Markets group and other activities are starting to change the landscape of these end game post-trade activities but,…
The International Central Securities Depositories (ICSDs) of Euroclear and Clearstream are very competitive with and against each other and, as mentioned yesterday, there are many other services that CSDs offer other than just settlement. The Linked Up Markets group and other activities are starting to change the landscape of these end game post-trade activities but,…
In the context of Clearing and Settlement, we have an issue. The issue is one of transparency, access, interoperability and accounting. The European Commission, Alberto Giovannini, the Code of Conduct and the Monitoring Group have all tried to change this, but it is not changing fast enough. What’s the problem? The problem is that you…
In the context of Clearing and Settlement, we have an issue. The issue is one of transparency, access, interoperability and accounting. The European Commission, Alberto Giovannini, the Code of Conduct and the Monitoring Group have all tried to change this, but it is not changing fast enough. What’s the problem? The problem is that you…
Brussels. 1998. A small, windowless room, in the lower halls of the European Parliament. The euro is almost here and the European Central Bank has just been inaugurated. High value settlement systems are in play and central banks can process euro’s across the Eurozone therefore. Phew! This meeting has been called to find out what…
