For more than 20 years, Euroclear has provided integrated multi-currency settlement services for both Irish and UK corporate securities. Today, these services are provided by Euroclear UK & Ireland, a UK-based company with no physical presence in Ireland.
We recognise that the UK’s decision to leave the European Union (“Brexit”) may make the current arrangements between Euroclear UK & Ireland and the Irish corporate securities market untenable.
As an international group of CSDs with a global business – and a group Head Office based within the EU, in Brussels – we are well-placed to manage the effects of Brexit and seek to ensure continuity of service in respect of Irish corporate securities.
Our White Paper, Euroclear Ireland – Delivering continuity of Irish securities settlement post Brexit (LINK TO PAPER):
- sets out our key proposal for dealing with this challenge; and
- looks briefly at possible consequences of Brexit upon some of the services currently operated by Euroclear UK & Ireland.
Please note that this proposal is subject to a number of dependencies, including matters outside Euroclear’s control, such as relevant regulatory approvals.
We aim to inform you from time to time via this page and/or our regular communications channels regarding developments that we are making publicly available related to the establishment of Euroclear Ireland.
You are also invited to register below for our webinar on XX MONTH 2018 to learn more about the proposal detailed in White Paper.