The Polish trade repository quietly cut UK EMIR reporting from its available services after a late-stage deal it had negotiated with an on-shore TR to divert business through as of January fell through weeks before the Brexit deadline
"Our aim is to work with key industry partners, to improve on existing legacy technology and to drive digital transformation across the market" says Marjan Delatinne
24 January 2021Switzerland Reporter: Maddie Saghir
According to SIB, with the emergence of Bitcoin and the recently proposed digital currencies, central banks have growing competition from actors offering their own digital alternative to physical cash
In order to move to T+1, DTCC says industry participants must align and agree to shorten the settlement cycle by implementing the necessary operational and business changes, and regulators must be engaged
Didier Delvaux, Luxembourg country head, U.S. Bank Global Fund Services, says: “David Kubilus has extensive product and business development expertise and understands the needs and demands of both the US and European markets”
Joerg Ambrosius, CEO of Europe, Middle East and Africa at State Street, comments: “We are delighted to expand our relationship with Intesa Sanpaolo to provide Fideuram with solutions that drive value and create efficiencies for their clients"
