Author: Hugh Simpson

Shortening the settlement cycle from T+3 to T+2

The majority of European securities markets will shorten their settlement cycles by one day from 6 October, moving from T+3 settlement to T+2. Germany already settles on T+2. In Spain the fixed income market will move on 6 October, but

Posted in CCP, Clearing & Settlement, CSD Tagged with: , , , , ,

Briefing note: The European Union’s CSD Regulation

The European Union is expected to pass a CSD Regulation (CSDR) into law later this year. For the first time, there will be a standard definition of a CSD across all EU member states and a common set of standards

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“Access rights” in clearing and settlement – are they worth anything?

There is a high level of interest currently in “access rights” in market infrastructures – that is, the right of of one infrastructure to provide a service to its customers based on the service provided by another infrastructure, for example,

Posted in Capital Markets, CCP, Clearing & Settlement, CSD, Exchanges Tagged with: , ,

Securities settlement in 2020

The European Central Bank has just hosted a wide-ranging conference looking into the future of securities settlement. It was particularly valuable for bringing together an impressive spread of panellists from around the world, as well as the “usual suspects” from

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More on competition policy

As news comes that the shareholders of both NYSE-Euronext and Deutsche Borse have approved their proposed merger, leaving the decision firmly in the hands of the European competition authorities, the UK’s Office of Fair Trading has published its report on

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