UNDER THE HIGH PATRONAGE OF HIS MAJESTY THE KING MOHAMMED VI

UNDER THE HIGH PATRONAGE OF HIS MAJESTY THE KING MOHAMMED VI

Articles

Gerard HARTSINK – LEIs are a rich source of new business for CSDs

Posted on : 25th September 2018
Next year Gerard Hartsink plans to step down as chairman of the GLEIF, having turned a start-up, for which he had to raise the money to pay the staff, into a soundly based and internationally recognised campaigner, in co-operation with his regulators, for widespread adoption of LEIs. The next challenge is to wide and accelerate adoption of […]

Byungrhae Lee KSD

Posted on : 13th November 2018
Mr. Lee Byungrhae, chairman and CEO of the Korea Securities Depository (KSD), and chairman of the Asia-Pacific Central Securities Depository Group (ACG), will, as chairman of the World Forum of CSDs (WFC), make opening remarks at the WFC 2019 conference in Marrakech on Tuesday 9 April 2019. As he told Dominic Hobson, Mr. Lee sees […]

Dmitry Ivanov – Pooling knowledge and know-how is making Eurasian CSDs bigger, safer and more innovative

Posted on : 13th November 2018
The 14-year-old Association of Eurasian Central Securities Depositories (AECSD) unites 15 central securities depositories (CSDs) of the Eurasian region. Dominic Hobson talked to Dmitry Ivanov, head of securities account network management at the National Settlement Depository (NSD) in Moscow, and Secretary of the AECSD since 2016, about what his members are thinking and worrying about. […]

Mohamed Abdel Salam – Higher standards means higher revenue says AMEDA president

Posted on : 13th November 2018
Mohamed Abdel Salam, the chairman and managing director of the Egyptian CSD, MCDR, doubles as president of the 38-member Africa and Middle East Depositories Association (AMEDA), which is hosting the World Forum of CSDs in Marrakech in April next year. The biggest challenge confronting his members, he says, is to ensure their revenues cover their […]

Thomas Zeeb – Embrace technological change to escape digital extinction

Posted on : 13th November 2018
Work with FinTechs, to learn from them and build bridges with them to regulated markets. Use new digital technologies to lower costs for clients rather than for yourselves. Think across the silos that separate trading from clearing from settlement from custody. Remember that CSDs keep assets safe and remind investors of it. Do not fear […]

Fathïa Bennis – How to become the trusted intermediary for investment in Africa

Posted on : 15th February 2019
Dek: The Moroccan CSD has spent two decades building systems, processes and personnel whose purpose is to convince domestic and international investors that its services can be relied upon to safekeep their financial assets. Now that those services meet international standards in both resilience and cyber-security, the MAROCLEAR CEO and chairperson Fathïa Bennis is tilting […]

Alexander CHEKANOV – Blockchain: is it an opportunity or a threat?

Posted on : 19th February 2019
It takes a brave CSD to adopt blockchain as the foundation of its core systems, yet the technology is nevertheless rich in new opportunities for CSDs, notably as data managers. But the least risky way for CSDs to experiment with blockchain is by growing in tandem with the crypto- asset markets, says Alexander Chekanov, chief […]

Marc Bayle de Jessé – Cyber-security cannot be attained in one country or region

Posted on : 19th February 2019
The securities industry appears so far to have experienced fewer cyber-attacks than the payments industry, but that does not mean it is not being attacked already, or immune to a catastrophic failure of cyber-security. Marc Bayle, director general, market infrastructure and payments, at the European Central Bank (ECB), warns that CSDs may experience cyber-attacks locally […]

Woochol Shin – Blockchain: is it an opportunity or threat?

Posted on : 19th February 2019
Charlie Shin is well-placed to assess the potential value of DLT to CSDs. A computer science graduate who has worked in an AI laboratory, he has participated in a series of J2EE projects since he joined KSD in 1999 and is now working on AI and DLT platforms as a head of the innovative technology […]

Daniel THIEKE – inTech technologies and how to embrace them

Posted on : 19th February 2019
CSDs are expected by their uses to explore new technologies as paths to lower costs and reduced risks. They are also in a powerful position to influence the pace at which new technologies are adopted. Dan Thieke, managing director and general manager for settlement and asset services at the DTCC, advises CSDs to work with […]

John Siena – Meeting regulatory challenges requires dialogue not disputes between CSDs and custodians

Posted on : 26th February 2019
A string of European regulations are rich in potential for tension between CSDs and their users over responsibility for settlement failures, shortcomings in the exercise of shareholder rights, and especially the loss of investor assets. With other regulators adopting similar ideas, and inter-operability spilling the risks across borders as well, the scope for regulatory disputes […]

Joseph Lubin – The future of CSDs according to Joe Lubin

Posted on : 5th October 2018
Joe Lubin, co-founder of Ethereum and founder and CEO of ConsenSys, is the keynote speaker at WFC 2019. As Dominic Hobson found out, he has a radical and exciting vision of the future of CSDs. To him, blockchain is more opportunity than threat to CSDs. But they must be prepared to reorient their strategies away […]

Vivekanand Ramgopal – Be realistic about the present and ambitious about the future of CSD links

Posted on : 5th December 2018
Central securities depositories (CSDs) have long recognised the opportunities which lies in linking their services across borders, but it has proved hard to realise them. Vivekanand Ramgopal (“Vivek”), vice president and co-head of TCS Financial Solutions at Tata Consultancy Services, advises CSDs to temper their ambition with a realistic assessment of what can be done […]

Mathias Papenfuss – Diversify from the core and innovate from below

Posted on : 27th March 2019
The processes by which companies innovate and diversify are the most talked-about and least understood of any in business. Mathias Papenfuss, head of regulatory implementation at Clearstream and chairman of ECSDA, draws on his experience of the mutating European industry of the last 20 years to portray change at CSDs as the outcome of complex […]

Bruce Lawrence – Convergence on international standards is insufficient to attract foreign investors

Posted on : 29th March 2019
Complying with the international regulatory standards stipulated by the G30, CPMI-IOSCO, FTSE Russell and MSCI has become the default method for developing markets to attract foreign investors. But Bruce Lawrence, founder of the HBL financial market infrastructure consultancy, warns that an undue obsession with international standards can also lead to complacency, a failure to take […]

Jim Micklethwaite – CSDs manufacture risk as well as mitigate it

Posted on : 27th March 2019
CSDs tend to be faithful adherents to regulatory requirements, and the CPMI-IOSCO principles for financial market infrastructures are no exception. But the way in which CSDs operate can leave residual areas of risk that are not always picked up by regulators. Risks also mutate over time. Which is why Jim Micklethwaite, head of operations at […]

Tony Sio – Balance new-and-exciting technologies with the tried-and-tested

Posted on : 1st April 2019
CSDs have lost their fear of blockchain and are now pioneering its application to the securities industry, say Andreas Lundell and Tony Sio of Nasdaq, which provides post-trade technologies to CSDs, include a corporate actions notifications and instructions service that is attracting a lot of interest. Lundell and Sio urge CSDs to reduce the risks […]

Javier Jara – Blockchain: Opportunity or Threat?

Posted on : 2nd April 2019
The threats and opportunities created by blockchain are real enough, says Javier Jara, business innovation manager at the Chilean CSD and vice president of the Americas’ Central Securities Depository Association (ACSDA), and CSDs should be willing to a pay a short-term price to secure a crucial role in ensuring blockchain networks are safely adopted and […]

Anna Kulik – The future of the CSDs of Europe is being shaped by regulation as well as technology

Posted on : 2nd April 2019
No regional association of CSDs has more members, or more complicated regulatory challenges, than ECSDA. As a result, managing member priorities and compliance demands is less like dealing with a single conflagration than keeping a series of smaller blazes under constant control. Anna Kulik, secretary general of ECSDA, says she is currently focusing on a […]

Alain Raes – Cyber-security is a battle that never stops and never ends

Posted on : 3rd April 2019
As an integral part of the securities industry, CSDs have so far escaped systemic or devastating cyber-attacks, but their good fortune cannot last, precisely because they are systemically important institutions. Protection requires money, talent and especially perseverance. For CSDs daunted by the resources required, SWIFT offers a useful guide to action, and a forum for […]

Gokce Iliris – CSD face contradictory challenges in cutting costs and expanding services without compromising resilience

Posted on : 30th March 2019
As systemically important infrastuctures charged with making their markets more attractive to investors, CSDs have to work out how to remain extremely robust while simultaneously cutting costs charged to users and meeting demands for more and better-quality services. Gökçe Iliriş, head of international relations and corporate communications at the Turkish CSD, thinks the best answers […]
Show open popup early birds