Posted on : 29th April 2019
Hong Kong Exchanges and Clearing (HKEX) is running one of the highest-profile blockchain projects in the securities industry. If its origins are specific (to resolve operational challenges for international financial institutions and investors executing a growing volume of Stock Connect trades that settle to T+0 timetable) and its focus narrow (getting post-trade processes in shape […]
Posted on : 5th April 2019
The deflation of a tech bubble is apt to obscure the fact that not all investment in new technology is wasted. Just as the FAANGs emerged from the TMT bubble of the late 1990s, the useful and scalable applications of blockchain are almost certainly being built now. Their impact on CSDs could be as little […]
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 […]
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 […]
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 […]
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 […]
Posted on : 31st March 2019
ISSA is still mistakenly characterised as an association for custodian banks. In reality, CSDs have belonged to the association and contributed to its work since its first meeting 40 years ago. With the gradual emergence of WFC since the first CSD conference in 1991, a fruitful division of labour has developed, with ISSA hosting dialogue […]
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 […]
Posted on : 29th March 2019
CSDs, like other financial institutions, create and store data every time they settle a transaction or move an asset between accounts. Retrieving the details of a transaction is akin to the proverbial search for a needle-in-a-haystack. That did not matter much until regulators started demanding better data management and control as part of their efforts […]
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 […]
