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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]
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