CSDR - SETTLEMENT : IS IT MORE THAN JUST BUY INS AND PENALTIES?

In July 2014, the European Parliament and Council issued Regulation (EU) No 909/2014 (CSDR) with the aim to harmonize and improve efficiency of securities settlement across EU markets. The focus so far has been on the imposition of a harmonized settlement cycle and more recently the delivery of settlement internalization reporting with the first report to the relevant National Competent Authorities due in July 2019. 

In this paper, we discuss the direct and indirect impact of settlement discipline and how firms can use data effectively to tackle these challenges.