MiFID: One month on - are investment firms still in the dark?
MiFID II is here to stay. As stewards capital it is on all those in the investment funds industry to make it work. At Euroclear we continue to work towards delivering control and transparency to everyone in the chain.
Data protection drive moves up a gear
Despite its complexity, GDPR is a positive. It extends transparency and builds trust in an industry that must work for the good of its investors. After all, we would not be here without them.
New technology: consider risks as well as reward
New technology brings risk and reward. Couple this with a flexible approach to revising existing approaches and you have a panacea for more transparency and greater control at the right cost.
Reshaping the investment industry
The changing investor mindset has honed in on new investment strategies, from passives to ESG, while the demand for returns at lower cost, and with more transparency, is unrelenting. New business models and supporting infrastructures will deploy flexible processes and new technologies as we reshape the investment funds landscape together.
The evolving role of equities in collateral management
Take a look at the emerging trends in the world of equities collateral and find out how the role of traditional participants is changing and discover the opportunities for new entrants
Continuing the dialogue of the 2017 Euroclear Collateral Conference
Following the successful conclusion of the 16th edition of the Euroclear Collateral Conference we thought it might be a good idea to share some of our key takeaways from the event.
A new dawn for Europe's retail ETFs
Retail use of ETFs in Europe is set to grow sharply in the coming years as regulatory, structural and market forces combine to drive demand.
Change is the only constant for today's repo market
The securities financing and repo markets have been impacted by a wide range of regulatory reforms in recent years which have fundamentally changed their shape and purpose.
The growth of ETFs - Opportunities and risks for the market
More on-exchange trading will increase European ETF volumes, especially if we grow Europe’s retail investor segment. Using a centralised infrastructure will cut risk, cost and boost liquidity for more lending and borrowing. The opportunities for fund managers to grow with the sector are considerable.
Illiquidity: a sticky question for funds
Liquidity management is a constant and evolving area of focus for funds. Better transparency gives fund managers more control. If you know your settlement activity you can make quick and informed decisions on the liquidity of the portfolio, and facilitates regulatory reporting and compliance.
Fundtech - Can blockchain bring more certainty to investors?
Revolution in the fund industry does exist. Automation via new technologies, including blockchain, can remove the most difficult and costly parts of the process – checking and reconciliation. Achieving higher levels of STP means investors who prefer to invest directly in equities and bonds for cost reasons could in future find it cheaper and easier to hold funds in their portfolios.
Funds - the next evolution in collateral management
The next crisis will probably not look like the last crisis, but liquidity will almost probably be the first victim of it.
The growing pains of securities financing within Asia
Industry experts discuss both the lack of diversity and the fragmented state of the Asian securities financing markets.
Are Asia’s corporates ready to repo?
Repos offer greater security and peace of mind, but does this concept concern Asian Treasurers as much as their European and U.S. counterparts?
Silver lining in Asian securities lending markets
Experts discuss the impact of the financial crisis on the global securities lending markets and share their visions for the future of this industry within Asia.
OTC derivatives margining regulation – wave 1
Wave 1 of the OTC derivatives margin regulation has highlighted a number of areas where processes can be improved.
Portable pensions - win, win, win?
The launch of the EU Pan-European Personal Pension (PEPP) is due in mid-2017.
Moving with the times
Olivier Grimonpont Global Head of Collateral Management at Euroclear believes that new approaches to collateral management are needed to help the buy-side and their service providers implement margining rules.
HQLA investment funds: an untapped collateral asset class?
An industry-first triparty repo transaction using HQLA funds was carried out on Elixium’s new electronic platform. Is this a sign of things to come?
The roadmap of change for collateral management
The revolution caused by new regulation is happening at the same time as the rapid evolution of the financial technology underpinning the sector.
Euroclear France launches investor CSD link with the German market
You can now further increase efficiency by centralising your access to the T2S community and beyond via our Single CSD entry point.
ETFs in securities finance - Exploiting the opportunity
A recent panel comprising Citi, Flow Traders, iShares, State Street and consultancy - CORE Collateral discussed how frictional costs and fragmentation in Europe's ETF market are coming down while availability and loan balances are going up.
Catching the next wave of OTC derivative margining
The initial launch of the new regime for margin requirements for non-cleared derivatives passed on 1 September 2016. What lessons have market participants learnt so far? And what issues have arisen?
Challenges and opportunities facing corporate treasurers in the repo market
Is the repo market making sufficient changes from its traditional interbank-led processes and practices to encourage greater participation from non-bank entities ?
How the capital markets industry should respond
Angus Scott, Director and Head of Product Strategy and Innovation, Euroclear, and Ben Shepherd, Partner in the Strategic IT & Service Operations practice, Oliver Wyman, examine why blockchain - or distributed ledger technology - is attracting great interest within the capital markets industry.
International ETFs: Transforming how we work together
The international ETF structure is growing. It simplifies the European ETF post-trade industry and increases liquidity, distribution opportunities and improves transparency.
The Collateral Management Conundrum
How the industry could work towards achieving compliance without losing sight of the strategic opportunity to optimise collateral mobility and processing.
Changes to OTC derivatives margining and what it means for the buy-side
Upcoming regulation is challenging market participants to explore new ways of working. For the buy-side the challenge is even more acute.
The evolution of collateral management within Asia
Asia continues to manage the range of reforms impacting existing collateral and collateral management legislation. Are we almost finished?
Is Robo-advice the new Airbnb?
With an estimated USD 2.2 trillion of US wealth expected to be invested in the Robo industry by 2020, is this industry the latest innovation product in finance or is it just a fad?
Evolving plans for cross-border funds distribution
Alternative Asian Funds Passport schemes are in the early stages of implementation. Their success is likely to depend on the country-level support in the region.
Corporate Treasurers and triparty repo - The big picture
Basel III has put pressure on traditional market sources of liquidity, presenting astute corporate treasurers with an unexpected, and sometimes lucrative, opportunity.
The urgent need to integrate change
Many of the necessary tools, processes and capabilities for the new OTC derivatives regulatory framework can be borrowed from the repo and securities lending markets.
ETF Securities lending: creating a path to greater market liquidity
The US ETF securities lending market is worth about US $100bn, with 30% of that total on loan at any one time. Europe by comparison is just one quarter of that size – US$25bn – with a significantly smaller average percentage of securities in use, at 5%.
The origins of enterprise-wide collateral management
Cash may still be king, but securities collateral is clearly the way forward. What are the challenges for firms as they look to adapt to the new landscape?
ETFs to overcome fragmentation and boost liquidity
In Europe alone, there are 51 providers of ETFs, with products available on 25 different exchanges. International ETFs may be the solution against fragmentation.
Equity financing’s critical role in a new world
As firms seek to reduce cost, the key issue of how well banks and brokers integrate equity finance will play pivotal role on future competitiveness.