London Stock Exchange Group celebrates the launch of the LCH Limited CSDR Whitepaper
London Stock Exchange Group today welcomes LCH and market participants to close the markets in London to celebrate the launch of ‘The Settlement Discipline Regime of CSDR’, a whitepaper sponsored by LCH.
At the Market Close ceremony, delegates from London Stock Exchange Group were joined by market participants including LCH’s clearing members, and other contributors to the research. Rafael Plata, Secretary General of the European Association of CCP Clearing Houses was hosted by Alex Krunic, Head of Equities, LCH, to formally close the market.
The settlement discipline of the Central Securities Depositories Regulation (CSDR) provides a framework aimed at improving settlement efficiency across European central securities depositories. The new regime will impact financial institutions that are active in the securities markets, both in Europe and worldwide. LCH is a leading global clearing house, providing proven risk management capabilities across a range of asset classes. The whitepaper provides an overview of the requirements and effects of the settlement discipline regime, with the goal of aiding market participants in preparing for complying with the new regime.
Alex Krunic, Head of Equities, LCH, said: “I’m delighted to celebrate the launch of this paper today at London Stock Exchange Group with so many contributors to the research. CSDR will be a major theme for the global securities market over the coming year, and the effects of the new regime will leave no part of that market untouched. It behoves all firms to understand the intricacies of the regime and take decisive action to ensure they are compliant in a timely and efficient manner.”
To download the whitepaper, please visit [https://www.lch.com/system/files/media_root/The%20Settlement%20Discipline%20Regime%20of%20CSDR.pdf]