Bobsguide: vendors facing an uncertain future with CSDR delay

With a further delay to the EU’s Central Securities Depositories Regulation (CSDR) just announced, market participants and tech vendors face an uncertain future.

“There’s a level of uncertainty and to be able to plan for that is hard. Do you carry on, or do you wait? More time is great and broadly welcomed, but there’s a level of uncertainty now around what it is that needs to be delivered to, and that’s challenging,” says Simon Davies, business development manager at Pirum Systems.

According to Robert Frost, Pirum’s head of product development, tech firms who have prepared for CSDR will have to quickly readapt to developments.

“We had a roadmap finalised, we’ve run three CSDR user forums, we’ve spent a lot of time talking to our clients looking at enhancements, starting build, making changes. That’s not to say that would stop because clients are still very engaged, but it does lose some momentum,” says Frost.

The full article is available at https://www.bobsguide.com/guide/news/2020/Sep/1/report-securities-industry-in-the-dark-over-csdr/

Related Posts

Previous Post
Dutch regulator: transparency in fixed income and derivatives pricing needs improvement
Next Post
OCC securities lending CCP volume down 4.3% in August 2020 year over year

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset password

Create an account