Distributed ledger innovators imagine a world without CSDs
CSDs counter they fulfil functions blockchain cannot, and regulatory changes are needed to disintermediate them
Industry participants including custodians, data providers and exchanges are increasingly questioning the role of central securities depositories (CSDs) in the development of financial market infrastructures if blockchain – or distributed ledger technology – takes off.
Located at the end of the post-trading process, CSDs are systemically important infrastructures that perform registration, safekeeping and settlement functions. Their business models are already coming under pressure through the
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@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Settlement risk
Margin settlement risk and its effect on CVA
Sponsored feature: CompatibL
CLS to replace core settlement system
Overhaul will leverage conventional technology rather than blockchain solution that underpins new CLSNet service
Netting no problem for blockchain, tech firms tell regulators
Firms say DLT can sit with current market practice, but instantaneous settlement 'not desirable'
Banks eye Traiana for EM forex netting service
Industry turns to utility as CLS emerging markets push stalls
Euroclear and Clearstream granted time to agree joint road map
Icma ERC continues to push for plans to improve Bridge settlement times
CLS facing obstacles adding RMB to its platform
RMB volumes set for growth but settlement remains an issue
FX clearing a priority for 2014, vows CLS chief
Working with banks and CCPs to facilitate central clearing of OTC forex options is 'high priority strategic initiative' for CLS this year, says chief executive David Puth
Sefs cause two-tier market as Asia OTC liquidity splits
Divide and rule
