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Global ESG standards body needed, IOSCO says
01 March 2021 Spain
Reporter: Alex Pugh

A leading international securities regulatory body is calling for a three-pronged approach to achieve globally consistent and reliable sustainable financing disclosure standards

Deutsche Boerse strengthens sustainable investing focus with ISS acquisition
26 February 2021 Germany
Reporter: Maddie Saghir

Deutsche Boerse and ISS are now able to serve the growing demand for in-depth extra-financial data, research and analytics

SWIFT approves KDPW ISO20022 buy-in message for CSDR
26 February 2021 Poland
Reporter: Drew Nicol

As the first buy-in messages ever to be registered, they set the reporting standard, developed from scratch in ISO20022, KDPW says

HSBC moves Corda Enterprise blockchain technology to the Google Cloud
26 February 2021 UK
Reporter: Maddie Saghir

HSBC says it is using blockchain to support the custody of future digital asset classes

Single Rulebook enables switch between UK and EU regulation
25 February 2021 UK
Reporter: Maddie Saghir

The new functionality and tools available on Single Rulebook allow users to research, annotate and work with both texts side by side

Nordea agrees referral deal with Citi as it exits Nordics sub-custody market
25 February 2021 Norway
Reporter: Maddie Saghir

Citi has entered into a referral arrangement with Nordea amid its exit from the nordic sub-custody business

Jerome Hoffman takes on newly created role at Broadridge
25 February 2021 UK
Reporter: Maddie Saghir

In his new role, Hoffman will create and further develop relationships with firms across the financial services spectrum

Year of revenue declines for global securities services in 2020, report finds
25 February 2021 UK
Reporter: Maddie Saghir

Custody revenues declined despite high levels of assets under custody and record deposit levels due to a sharp fall in net interest income in H2 2020

Exclusive: 11th hour deal breakdown cut off KDPW clients from UK EMIR services
25 February 2021 Poland
Reporter: Drew Nicol

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

SETL appoints Marjan Delatinne as head of payments
25 February 2021 UK
Reporter: Maddie Saghir

"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

SIB releases paper on how to issue a central bank digital currency
24 January 2021 Switzerland
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

DTCC proposes move to shorten US settlement cycle to T+1 by 2023
24 February 2021 US
Reporter: Becky Bellamy

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