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EXCLUSIVE: Pirum releases new CSDR fails cost analysis tool
27 February 2020 London
Reporter: Drew Nicol

Pirum Systems tackles CSDR cost risks with new fails report tool and enhanced SSI enrichment services

Delayed: CSDR settlement discipline regime
05 February 2020 Paris
Reporter: Drew Nicol

Following a series of warning calls from industry stakeholders, ESMA is backing a delay to the CSDR settlement discipline regime originally due in September

Trade bodies unite to call for CSDR buy-in delay
24 January 2020 Paris
Reporter: Drew Nicol

Fourteen trade associations including ISLA, ICMA and AFME have sent a joint letter to the EU requesting radical reforms to CSDR’s settlement regime to avoid a liquidity crisis in Septemeber

Clearstream’s CSD gains CSDR licence
24 January 2020 Frankfurt
Reporter: Drew Nicol

The German market regulator has granted a CSDR licence to Deutsche Boerse subsidiary, Clearstream Banking

Euroclear Bank obtains CSDR licence
05 December 2019 Brussels
Reporter: Becky Bellamy

Euroclear Bank has received a CSDR licence from its respective market regulator

CSDR buy-in provisions delay “anticipated”
19 November 2019 London
Reporter: Drew Nicol

CSDR’s buy-in provisions are unlikely to be implemented in September as scheduled due to “technical” issues, according to ICMA

ICMA looks to update buy-in rules concerning CSDR
10 October 2019 London
Reporter: Jenna Lomax

The International Capital Market Association will look to update its buy-in rules to provide market best practice regarding the Central Securities Depositories Regulation, according to Andy Hill, senior director at ICMA

ESMA sets out CSDR standardised procedures and messaging protocols guidelines
08 October 2019 Paris
Reporter: Jenna Lomax

The requirement in Article 6(2) of CSDR is focused on the preparation of the settlement process in order to limit the number of settlement fails

DTCC hits ‘important milestone’ for Exception Manager platform
07 October 2019 London
Reporter: Jenna Lomax

DTCC’s Exception Manager platform has passed an important milestone of managing more than two million records related to over 800,000 transactions

Iberclear granted CSDR licence
23 September 2019 Madrid
Reporter: Jenna Lomax

Iberclear joins other European central securities depositories already operating under the new criteria

Institutions should review obligations ahead of SDR
18 September 2019 London
Reporter: Jenna Lomax

All actors in an institution should review their obligations and make the necessary operational changes ahead of the enforcement of the Settlement Discipline Regime (SDR), according to Deutsche Bank

DTCC to build new infrastructure for straight-through processing
12 September 2019 London
Reporter: Jenna Lomax

DTCC has outlined plans in a new whitepaper to build a no-touch processing infrastructure to eliminate inefficient manual touchpoints of straight-through processing