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 >>
ECB Expresses Worries over Blockchain/DLT
Although there have been several initiatives, the European Central Bank (ECB) still does not believe that blockchain/distributed ledger technology (DLT) is mature enough to be used for its Eurosystem market infrastructure for the near future. The Eurosystem is the monetary authority of the eurozone, consisting of the ECB and the national central banks of the… 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 >>
Gresham Rethinks the Cloud as Broadridge Gets Local
Third-party vendors Gresham Computing and Broadridge Financial Solutions are launching new offerings, timed for SWIFT’s Sibos gathering in Singapore this week. Gresham has done “a rethink” for its cloud-based Clareti Transaction Control (CTC) offering, and Broadridge is expanding its proxy processing services. Rethinking the Cloud In many ways, Gresham’s new Clareti-as-a-Service offering, is a relaunch…. Read More >>
