Euroclear Bank obtains CSDR licence
05 December 2019 Brussels
Image: Shutterstock
Euroclear Bank has received a Central Securities Depositories Regulation (CSDR) licence from its respective market regulator.\\CSDR has been introduced to increase the safety of European securities settlement, setting the highest standards to ensure the security of assets.\\The regulation aims to increase securities settlement efficiencies, such as harmonising the settlement cycle and provides a set of common requirements for European CSDs.\\Euroclear Bank is the sixth entity in the Euroclear group to receive its license as well as the first international CSD.\\Valerie Urbain, CEO of Euroclear Bank commented: “We are delighted to have received our CSDR licence. This has been a significant undertaking and a lot of hard work has gone into this achievement. Receiving this licence is a testament to our continuous investments in making Euroclear Bank a safe, secure and efficient infrastructure for our clients and the financial market ecosystem as a whole.”
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