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CSD Regulation: A New Settlement Regime

Since Central Securities Depository Regulation entered legal force, Broadridge's Bob Santangelo explains that the regulation has, and will continue to have, a considerable impact.

CSD Regulation: A New Settlement Regime

The Central Securities Depository Regulation (CSDR) is one part of a far wider EU regulatory reform created in the aftermath of the 2008 financial crisis. Alongside MiFID II, CSDR ensures that systemically important securities infrastructures are subject to common EU rules. To that end, CSDR’s aim is to improve the functioning and stability of financial markets in the EU by enhancing the legal and operational conditions for cross border settlement. In an interview with Asset Servicing Times, Broadridge’s President of International Sales, Bob Santangelo, explains the responsibilities, implications and market readiness for CSDR.