Brussels – 05 December 2019 – Euroclear Bank, the Brussels-based international central securities depository (ICSD), today announces that it has obtained its Central Securities Depositories Regulation (CSDR) licence from its respective market regulator. Euroclear Bank is the sixth entity in the Euroclear group to receive its licence, and the first ICSD to do so.
The primary objective of CSDR is to increase the safety of European securities settlement, setting the highest standards to ensure the security of assets. CSDR strives to increase securities settlement efficiencies, such as harmonising the settlement cycle, and provides a set of common requirements for European CSDs.
Valerie Urbain, CEO of Euroclear Bank commented: “We are delighted to have received our CSDR licence. This has been a significant undertaking and a lot of hard work has gone into this achievement. Receiving this licence is testament to our continuous investments in making Euroclear Bank a safe, secure and efficient infrastructure for our clients and the financial market ecosystem as a whole.”