Numbers Don't Add UP for European Plan to Reduce Settlement Costs

Kentouris, Chris
August 2009
Securities Industry News;8/3/2009, Vol. 21 Issue 17, p10
Trade Publication
The article focuses on the reasons behind the skepticism of local European securities depositories to contract out their settlement functions to the Target2Securities (T2S) platform of the European Central Bank (ECB). It details the proposed settlement fee of the ECB for both domestic and cross-border transactions. Alan Cameron of BNP Paribas argued that too many details are missing from the ECB analysis to determine the cost savings which will arise for the depositories.


Related Articles

  • Questions remain around T2S liability. Migone, Paloma // Ai Trade News;2013, p1 

    The article reports that central securities depositories (CSDs) in Europe are concerned about the liability issues if something goes wrong with new European securities settlement platform TARGET2-Securities. The European Central Bank's (ECB) T2S project which will be launched in June 2015,...

  • Europe Aims To Simplify Securities Clearing Systems. Hawser, Anita // Global Finance;Jun2011, Vol. 25 Issue 6, p8 

    The article reports that the European Commission (EC) and the European Central Bank (ECB) are planning to reduce the number of its central securities depositories (CBDs), in which the ECB will launch the Target2-Securities (T2S) in 2014, in an effort to motivate consolidation.

  • How will Target 2 Securities affect the European securities landscape?  // Journal of Securities Operations & Custody;Oct2011, Vol. 4 Issue 3, p207 

    The article discusses the concept of the European Central Bank's Target 2 Securities (T2S) project system. It states that the system is designed to provide settlement services to the national Central Securities Depositories (CSDs) and it functions as a catalyst in rationalizing the fragmented...

  • How Will T+2 Settlement Change the Landscape of European Central Securities Depositories? Daly, Rob // Tradersmagazine.com;8/26/2015, p1 

    The article offers information on how for European central securities depositories (CSDs) went live on the settlement engine TARGET2-Securities (T2S) in 2015. According to the European Central Bank (ECB) president Mario Draghi, cross-border settlement of both equities and debt securities is...

  • T2S: Report Puts Cost of Back Office Revamp as High as €27 Million Per Financial Institution.  // Global Custodian News;2013, p45 

    A report from Celent, produced in conjunction with SWIFT, reveals significant gaps in the securities industry's Target2-Securities (T2S) adaptation plan.

  • European Central Bank Sets Dates in 2014 to Improve Collateral Management. Safane, Jake // Global Custodian News;2013, p89 

    The European Central Bank (ECB) has set the dates in 2014 to remove the repatriation requirement and support cross-border tri-party collateral management services, both of which will improve collateral management in the Eurosystem.

  • A Fork In The Road. Hawser, Anita // Global Finance;Apr2013, Vol. 27 Issue 4, p68 

    The article discusses a roundtable on regulations in the banking industry. Alan Cameron of BNP Paribas Securities Services states that the regulation on central securities depository (CSD) brings harmonization and settlement of CSD services. Graham Ray of Deutsche Bank mentions the importance of...

  • Brokers to prop up buy-side on T+2. Bakie, John // Ai Trade News;2014, p1 

    The article reports on the European Union's (EU) Central Securities Depositories Regulation (CSDR) which mandates the introduction of T+2 securities settlement cycle. It mentions that the finalization of regulatory technical standards for the EU's CSDR is due to be published by the end of 2014....

  • End-Users Still Face Unknowns Over T2S. Parsons, Joe // Global Custodian News;2014, p1 

    The article discusses the impact of TARGET2 Securities (T2S) settlement platform in Europe on the clients of custodians and broker dealers and confusion on this platform among them. Topics discussed include views of Alan Cameron, head of relationship management, at BNP Paribas Securities...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics