EU securities markets transformation - Is the glass half empty or half full?
By the time Sibos Geneva takes place, 12 out of the 21 CSDs migrating to T2S will have completed their transition, taking with them half the settlement volumes of Europe. By Sibos Toronto next year, the Central Securities Depositories Regulation (CSDR) will also be law, giving issuers and investors the opportunity to freely choose any CSD in Europe. With national monopolies being broken up, CSDs and custodian banks find themselves at a crucial decision-point. How will they plan their future strategy? What does it take to implement it ? For market participants, on the other hand, the crucial question is whether the new dispensation will lead to more choice, lower costs and better services, or to a fragmented marketplace. Attend this workshop to hear what industry experts think our European framework might look like in 5 years.