Unified European Settlement System Hits Home Stretch

Post-crisis settlement revamp still working out snags.

james-cunningham-bny-mellon
James Cunningham, director external and regulatory affairs at BNY Mellon.

The need for a consistent regulatory approach to settlement systems and settlement processes arose after the financial crisis of 2008-2009. Although CSDs did not show any signs of failure at the time, they were not consistently regulated across the 28 countries, an irregularity that the European Union, pressed by the Group of 20, decided to eradicate. 

Following the advent of the Eurosystem's Target2-Securities (T2S) project, the CSDR came as an extra piece of regulation that would provide a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here