Clearstream releases business overview, readies for CSD-regulation

In autumn, Clearstream will apply for new licenses to operate under the Central Securities Depositories Regulation (CSDR). CSDR obligations require Europe’s CSDs to submit their application files to local regulators by 30 September 2017. Authorisations are expected to be granted from mid-May 2018 onwards.

This will be a first step to even further bolster safety and stability across Europe’s capital markets in a post-financial-crisis world. As the new regulatory keystone for the sector, CSDR aims to harmonize the different rules, which apply to European CSDs in order to create an improved and level playing field for the industry and enhance legal and operational conditions for EU-wide cross border settlement via TARGET2-Securities (T2S).

Business overview

In June 2017, Clearstream held a total of €13,460 billion Assets under Custody, a stable increase of 4% compared to €12,993 billion in June 2016. Settlement and Assets under Custody as business drivers are showing overall growth.

Read the full release

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