The Central Securities Depositories Regulation (CSDR) will be a far reaching piece of legislation designed to improve the functioning of Europe’s post-trade environment, by harmonising settlement, and enhancing the safety and efficiency of transaction settlement.
This article explores some of the major concerns with certain provisions of the CSDR and the preparations that firms should be making now to help mitigate some of the costs likely to be incurred as a result of the regulation.
About Torstone Technology Limited
Torstone Technology provides securities and derivatives processing software from offices in London, New York, Japan, Singapore and Hong Kong. Its flagship product is Inferno – a single system that fully integrates all the applications and controls needed by operations, finance, middle office, risk and compliance. Inferno is proven to support straight through processing (STP) for clearance and settlement of a wide range of asset classes from complex derivatives to high volume equity processing from a single business solution.
Today’s financial markets are fragmented with increasing numbers of trading venues and counterparties. Inferno tackles the needs to capture trades from multiple front office systems and interface with clearing houses, globally. Inferno is delivered as a cost-effective software-as-a-service (SaaS) solution.
Created by industry practitioners and accountants well-experienced in the short-comings of other systems, Inferno meets the needs of regional and mid-sized investment banks, asset managers, hedge funds and brokers and those needing to support multi-asset, multi-currency and multi-location operations.