A single platform for securities settlement in Europe and the continued growth of e-commerce will soon out-date the market infrastructures as they exist. Frances Faulds looks at how market infrastructures are reinventing themselves and redesigning their services to remain relevant.
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Ahead of Sibos 2013, The Banker's technology editor, Duygu Tavan, talks about the difficulties in implementing the Target2-Securities regulation and discusses the recent developments in corporate bank messaging.
As their global operating models evolve, what do investment managers need from their service providers and what can they do to help themselves?
Much work has been done to standardise and automate fund processing, with several commercial solutions available, but the cost of processing fund transactions is still significantly higher than for bonds or equities and this is hampering critical mass. Is a more centralised market infrastructure needed to tackle processing costs? Writer Frances Maguire
An unprecedented overhaul of the securities industry is taking place under politically mandated reform. This is forcing markets and regulators to work more closely together to ensure that there is no repeat of the recent financial crisis. Writer Frances Maguire
New legislation for over-the-counter derivatives from the European Commission next year will include a central counterparty directive. But what are the implications of the new law? Writer Frances Maguire
Post-trade processing is an expensive overhead for financial firms, while the potential operational risk associated with trade breaks and bottlenecks is attracting increasing regulatory scrutiny. Writer, Frances Maguire
Banks' back offices were exposed by the recent crisis as inefficient, lacking in scalability and ripe for increased regulatory scrutiny. Policy-makers and regulators, meanwhile, began to call for the creation of centralised industry utilities, in a bid to reduce the systemic risk associated with the trading, processing and clearing of a variety of complex products.
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