In its final report, the EU’s financial markets regulator and supervisor highlights the long-term benefits for European markets prompted by a shorter settlement cycle
Higo Bank will now be able to automate their middle and back office, helping them achieve no-touch processing across domestic and cross-border transactions
EU regulatory bodies have agreed to establish a governance structure to oversee and support the technical preparations for the future move to a shorter settlement cycle
The solution is designed to collate and provide a host of asset servicing activities, with the aim of expanding beyond existing industry solutions and include tax reporting
The companies say the offering will increase post-trade efficiencies while providing clients with the benefits of an established risk management counterparty
Brian Steele, Managing Director and President for Clearing and Securities Services at the financial market infrastructure company, says the transition has been successful
The solution aims to facilitate straight-through processing of securities trades by automating the complete lifecycle of essential corporate action tax details