TNF: Clear views on CSDR
26 June 2018 Vienna
Image: Shutterstock
Some 71.4 percent of attendees at The Network Forum in Vienna said that they have a clear view on how the Central Securities Depositories Regulation (CSDR) affects their institution.
In a panel, which discussed CSDR compliance and implementation, the audience quizzed by panel members on what areas they believe CSDR brings the biggest value to the business.
Nearly half of delegates said that it was the exceptionally safe and highly regulated framework for all EU central securities depositories (CSDs), while just below a quarter suggested higher settlement efficiency was the biggest value to the business.
Some 22 percent said that the biggest value to the business was open access to CSDs and other infrastructures by CSDs.
On the other end of the scale, 5 percent said that freedom to issue in foreign CSDs would be the biggest value, while 3 percent said omnibus and individually segregated accounts will be.
The next questions revolved around the areas where CSDR presents the highest challenges for a business.
Panel participants suggested that settlement discipline poses the biggest challenge, with 47 percent of the vote, while 22 percent of the audience said that the need to support omnibus and individually segregated accounts was a challenge for the business.
Finally, the audience was asked if they thought settlement discipline would either increase settlement efficiency or decrease the number of trades and liquidity of less liquid securities.
Of those who responded, 64 percent thought it would increase settlement efficiency while 36 percent said it would decrease the number of trades and liquidity of less liquid securities.
In a panel, which discussed CSDR compliance and implementation, the audience quizzed by panel members on what areas they believe CSDR brings the biggest value to the business.
Nearly half of delegates said that it was the exceptionally safe and highly regulated framework for all EU central securities depositories (CSDs), while just below a quarter suggested higher settlement efficiency was the biggest value to the business.
Some 22 percent said that the biggest value to the business was open access to CSDs and other infrastructures by CSDs.
On the other end of the scale, 5 percent said that freedom to issue in foreign CSDs would be the biggest value, while 3 percent said omnibus and individually segregated accounts will be.
The next questions revolved around the areas where CSDR presents the highest challenges for a business.
Panel participants suggested that settlement discipline poses the biggest challenge, with 47 percent of the vote, while 22 percent of the audience said that the need to support omnibus and individually segregated accounts was a challenge for the business.
Finally, the audience was asked if they thought settlement discipline would either increase settlement efficiency or decrease the number of trades and liquidity of less liquid securities.
Of those who responded, 64 percent thought it would increase settlement efficiency while 36 percent said it would decrease the number of trades and liquidity of less liquid securities.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
