With origins dating back to 3000 BC, Athens is one of the oldest cities in the world and the ‘cradle of Western Civilisation’. It is also believed to be the birthplace of democracy and debate and to have tried every form of government known to this day. Against this fitting backdrop, more than 400 securities services industry senior leaders convened in Athens from 11 to 13 June for the Network Forum Annual Meeting to debate its future foundations
In a founding partners video, James Cox, head of Securities Services, EMEA, Deutsche Bank heralded the Forum as “a great opportunity for the bank to spend time with clients, partners and peers and for us as an industry to discuss the topics of the day, such as regulation, digitalisation and the future of post-trade more broadly”.
Deutsche Bank provided thought leadership on these topics, including how regulations such as the central securities depository regulation (CSDR) and the Shareholder Rights Directive II (SRD II) (see box out below) are providing opportunities to transition to the future of securities post-trade. CSDR has guidelines aiming to further harmonise the implementation of CSD regulation in Europe, while SRD II makes custodians the conduit of real-time information between issuers and investors and fosters more efficient capital markets. And, with Target2-Securities (T2S) harmonising post-trade settlement processes, this has created the flexibility to manage settlement directly on the T2S1 platform infrastructure or via CSD.
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