With the upcoming fourth and penultimate migration wave of TARGET2-Securities (T2S), Europe is taking a crucial step towards a harmonised settlement landscape. Clearstream, the largest T2S participant, will go live in February 2017, bringing about 40 per cent of the overall volume to the European Central Bank’s settlement platform.
A new study published by Prof. Dr. Dirk Schiereck, Chair of Corporate Finance, Technische Universität Darmstadt, shows that the merger between Deutsche Börse and the London Stock Exchange will strengthen Frankfurt as a financial centre. Shareholders, employees, regulatory bodies but also the two exchanges’ clients – will benefit from the merger.
In his article, originally written for the FOW, Rory McLaren, Deutsche Börse Market Data + Services, gives a preview of 2017 and why firms will need to use the new year to ensure that they are compliant with all new reporting requirements.