The Central Securities Depository Regulation (CSDR) is not just a regulation for CSDs. Deutsche Bank’s Edward Savage provides an insight on a programme in place to ensure the bank and its clients successfully achieve regulatory compliance
The Central Securities Depository Regulation (CSDR) is one of the current headline regulations impacting entities operating in European securities post-trade space. Given its impact on every division of the bank, from pre- to post-trade, it has a bank-wide programme in place to ensure that it successfully achieves regulatory compliance.
The first major regulatory milestone of the regulation, which is internalised settlement reporting, is approaching on 12 July 2019. This will impact Institutions such as Deutsche Bank, who settle transfer orders on behalf of clients on their own account rather than through a CSD. Reaching this milestone requires management of a high impact regulatory change initiative.
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