GSS Newsletter January 2017 - Issue 189

Dear Clients, Partners and Friends,

Welcome to a new year full of opportunities and bright ideas! Once again we all have the chance to start from zero on budgets, P&Ls and business development plans. An artificial, yet beneficial caesura in the corporate life cycle.

I wish all of us that we can make best use of this “square one” impression, avoiding to tumble into the daily routine too fast.

In that sense, the GSS team of UniCredit is already looking forward to supporting you in your efforts to best service your clients also throughout 2017.

Sven Trahan
Head of Global Sales & Relationship Management
UniCredit Global Securities Services

Highlights

A year of changes
KDPW is set to continue its CSDR related projects throughout 2017. By Kamil Polak, Head of Relationship Management, GSS Poland
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The impacts of CSDR
KELER is on its way to becoming CSDR compliant. By Beáta Szőnyi, Senior Relationship Manager, GSS Hungary
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SWIFT step two
CDCP is planning to enter the second phase of its SWIFT communication implementation. By Alena Kalašová, Relationship Manager, GSS Czech Republic
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High-speed payments processing
The Central Bank of Russia enhances the functionality of its payment system. By Yuliya Shibukova, Relationship Manager, GSS Russia
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Linking in Ljubljana
Small exchanges from CEE create growth potential for the capital market in the region. By Vanda Močnik Kohek, Senior Relationship Manager, GSS Slovenia
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GSS Navigator: Bucharest
A traditional village in the heart of the modern Romanian capital. By Marin Stoica, Senior Account Manager, GSS Romania
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Market news

› Bosnia and Herzegovina
MONEYVAL removed Bosnia and Herzegovina from the list of countries having deficiencies in the legal framework related to CFT                                                                            

 

› Czech Republic
CCP.A could go live in the Czech capital market in mid-2019                                                                                                                                             

 

› Russia
Amendments to the Law on Joint Stock Companies will clarify the list of interested party transactions exempted from approval                                                                            

 

› Russia
The circulation of fractional shares will be eliminated and their future occurrence precluded by law                                                                                                    

 

› Romania
In another step towards the consolidation of the Romanian capital market, BVB shareholders approved in principle the merger with SIBEX                                                                  

 

› Hungary
A development fund was established to support Hungarian small- and medium- sized enterprises in their aspirations to be admitted to trading on BSE                                                       

 

Market statistics

› Austria        › Bosnia and Herzegovina        › Bulgaria        › Croatia        › Czech Republic        › Hungary        ›         › Romania        › Russia        › Serbia        › Slovakia        › Slovenia