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Euroclear supports use of CBDC for settlements
20 October 2021 Belgium
Reporter: Jenna Lomax

Isabelle Delorme (pictured), deputy CEO of ESES CSDs Euroclear France, Euroclear Belgium and Euroclear Nederland comments: “We are extremely pleased to have worked on this pioneering project with our industry partners and the Banque de France"

BoE launches CCP supervisory stress test
20 October 2021 UK
Reporter: Bob Currie

UK central bank will model credit and liquidity resilience of UK-registered CCPs under stress conditions, alongside impact on wider financial system

SBI Securities centralises settlement operations with Broadridge
20 October 2021 Japan
Reporter: Rebecca Delaney

SBI Securities has extended its partnership with Broadridge Financial Solutions by migrating the post-trade operations of its Hong Kong and Singapore businesses to Broadridge’s cloud-based ASP service in Asia

Technology investor Silver Lake acquires ICE’s stake in Euroclear
20 October 2021 US
Reporter: Jenna Lomax

Global technology investor Silver Lake has acquired Intercontinental Exchange’s (ICE’s) 9.85 per cent stake in Euroclear for €709 million

Finastra and AccessFintech collaborate to bring data transparency and efficiency to syndicated loan market
20 October 2021 UK
Reporter: Carmella Haswell

The Fusion LenderComm platform and Synergy DataLake will combine to accelerate the availability of data to lenders and strengthen internal operations between agents, lenders and service providers

AFME: Pandemic acted as a “call to arms” for post-trade industry to improve “cumbersome” technologies
19 October 2021 UK
Reporter: Jenna Lomax

The COVID-19 pandemic acted as a “call to arms” for the post-trade industry to improve “cumbersome and outdated” technologies, according to Archie Stebbings, partner at management consulting firm Oliver Wyman

AFME: The regulator will ‘struggle’ to catch up with the evolving digital assets space
19 October 2021 UK
Reporter: Maddie Saghir

The industry is entering a fascinating era and the regulator will struggle to catch up because the system is evolving rapidly and becoming extremely dynamic, experts predict

David Curneen joins EML Payments in newly created role
19 October 2021 US
Reporter: Maddie Saghir

David Curneen will have responsibility for the financial and operational performance of EML Payments' business units

FSB installs Andrew Bailey as SRC chair
19 October 2021 Switzerland
Reporter: Bob Currie

Bank of England governor becomes chair of the Financial Stability Board's supervisory and regulatory cooperation standing committee, with Saudi central bank governor and FDIC chair also becoming committee heads

The industry is struggling to reap digitalisation benefits, TrustQuay survey finds
19 October 2021 UK
Reporter: Maddie Saghir

TrustQuay’s Future Focus Report has identified that while firms believe digitalisation, automation and innovation should make them more competitive and valuable, the industry is struggling to move forward to reap the benefits

AFME calls for review of capital buffer framework after COVID-19 crisis
19 October 2021 UK
Reporter: Carmella Haswell

The Association for Financial Markets in Europe is investigating the implications of the pandemic for the Basel capital buffer framework and the hesitancy from banks to draw on their capital buffers during COVID-19

J.P. Morgan reveals Q3 2021 results
19 October 2021 US
Reporter: Maddie Saghir

J.P. Morgan has revealed that its markets and securities services revenue was $7.5 billion for Q3 2021, which marks a decrease of 4 per cent compared to Q3 2020