Infrastructure change
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Settlement harmonisation
A single settlement day and a harmonised settlement process
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Central Bank money
The ability to centralise settlement funding from a single Central Bank
Regulatory change
AIFMD - UCITS V - MiFID II - EMIR - Basel III
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Investor protection
More liability in the intermediary chain and segregated structures
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Risk reduction
A reduction in risk from the securities industry is leading to business model change
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Asset mobility
Higher capital requirements and a need to utilise more eligible assets
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Liquidity optimisation
Regulatory pressure to reduce liquidity exposure to providers
Platform
- Settlement efficiency
- Harmonised settlement
- Flexible business models
- Asset mobility
- Regulatory compliance
- Cash optimisation
- Local market expertise & proximity
