ECB demands Euroclear CSD consolidation

But concedes Securities Law Directive must come first


The European Central Bank (ECB) expects there to be consolidation among central securities depositories (CSDs) but to truly achieve that the Securities Law Directive must be passed first to remove the "glass barrier" to horizontal integration.

At Swift's annual Sibos conference in Boston last week, speaking in a debate titled ‘Target2-Securities: what next?', panellists were asked by moderator Alberto Giovannini, chief executive of Unifortune Asset Management, for their views on vertical versus

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: