Deutsche Bank is set to launch an enhanced securities settlement service that proactively identifies in-flight security transactions at risk of settlement delay
In a briefing note, ICMA outlined that as part of the broader review of the CSDR mandatory buy-in framework, the requirement to appoint a buy-in agent should be removed
Karan Kapoor, head of regulatory change and technology at Delta Capita, suggested the key will be to make settlement efficiency improvement a joint objective for front-office and operations teams
A further delay to the Central Securities Depositories Regulation's settlement discipline regime until 1 February 2022 has been welcomed by industry participants
Carpenter explained there are major concerns around the mandatory buy-in process, particularly for the tier-one banks under the buy-in rules and possible associated cash compensation process