Potential cost savings in excess of 40% have been identified.
The new entity will be an important cornerstone of Deutsche Börse’s and Clearstream’s Fund Services.
A shorter custody chain brings significant efficiencies and enhances the client experience.
SDX can operate a stock exchange and a CSD for digital assets in Switzerland.
The Commission is expected to prepare a legislative proposal by the end of this year.
The UK central securities depository suffered a settlement system outage on 11 September 2020.
The change ensures compliance with CSDR after Brexit.
Opportunities include foreign investors settling Icelandic securities in euros.
