The European Securities and Markets Authority has published its first two reports on the implementation of the Central Securities Depositories Regulation
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