GSS Newsletter July 2015 - Issue 171

JULY 2015 - ISSUE 171

 

Dear Clients, Partners and Friends,

I see developments in our industry as a series of waves, similar to what one might find when staring at the ocean from a beach: waves come and go and, almost with certainty, the seventh will dominate in size and force.

Unfortunately, the timing of such ebbs and flows isn’t as precise when it comes to economic and regulatory impacts on our business but there is a certain similarity. While pessimists may claim, as they have over decades past, that now is the time to batten the hatches as the world around us is certain to collapse, these same doomsday experts appear again and again to make their proclamations and seem to disregard that the immanency of their timelines have long come and gone.

So, yes, I am an optimist and, yes, I believe that difficulties, no matter the complexity or challenge, are solvable and that, one way or another, tomorrow will come and bring with it new challenges which will make those of the past seem insignificant.

Sven Trahan
Head of Global Sales & Relationship Management GSS

 
 

HIGHLIGHTS

 

15 years and still growing stronger
Record attendance at NeMa, the custody industry...
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Amnesty for offshore capital
A new capital amnesty law intends to instigate ...
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No fees attached
Polish small and medium companies will be freed...
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KELER defines T2S services
The Hungarian CSD, which will join T2S in the t...
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UniCredit Bank Austria buys all shares held by Tiriac Holdings Ltd. in UniCredit Tiriac Bank
UniCredit Bank Austria AG announced to acquire ...
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NEWS

Austria
The profit increase of the Vienna Stock Exchange in 2014, as reported at the Annual General Meeting, was dr...
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Slovakia
The Slovak government is taking new measures to support the capital market by easening the tax burden for p...
Read more

Russia
An unscheduled testing of the Disaster Recovery Plan by the National Settlement Depository (NSD), carried o...
Read more

Bulgaria
The long-term foreign currency ratings of the Republic of Bulgaria were affirmed in June by Moody’s, Fitch ...
Read more

Romania
The Central Depository published modifications and updates regarding the structure of a number of tariffs a...
Read more

CEE
The Kyrgyz agency for regulation and supervision of the financial market published a draft law on the discl...
Read more

 

NEWS

Austria
The profit increase of the Vienna Stock Exchange in 2014, as reported at the Annual General Meeting, was dr...
Read more

Slovakia
The Slovak government is taking new measures to support the capital market by easening the tax burden for p...
Read more

Russia
An unscheduled testing of the Disaster Recovery Plan by the National Settlement Depository (NSD), carried o...
Read more

Bulgaria
The long-term foreign currency ratings of the Republic of Bulgaria were affirmed in June by Moody’s, Fitch ...
Read more

Romania
The Central Depository published modifications and updates regarding the structure of a number of tariffs a...
Read more

CEE
The Kyrgyz agency for regulation and supervision of the financial market published a draft law on the discl...
Read more

MARKET STATISTICS

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