GSS Newsletter June 2015 - Issue 170

Dear Clients, Partners and Friends,

June is NeMa time and many of us are busy preparing meeting schedules, speeches, stands and all the other tasks that such an event requires. UniCredit is proud to be a sponsor of this landmark event once again, continuing to support and push active dialogue on topics shaping the future of our industry.

Our GSS Newsletter this month reports on a number of legislative initiatives to improve market standards and unify the way our securities services business will be conducted in the future. This issue features a guest commentary from the Austrian CSD, whose spinoff is about to go live in autumn.

Please enjoy reading the GSS Newsletter!

Sven Trahan
Head of Global Sales & Relationship Management GSS

Highlights

CSD Austria: All systems go!
What to expect from a mid-sized CSD in a changing environment. A guest commentary from Peter Felsinger and Georg Zinner, Co-Heads of the Austrian CSD at OeKB
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More sustainable levels
The banking sector in CEE is still operating in a much more profitable way than its peers in Western Europe, according to UniCredit CEE Strategic Analysis
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Under observation
Compliance with AIFMD requirements is a challenging exercise, and their local implementation in Poland is no less demanding. By Mariusz Piekos, GSS Poland.
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CEESEG may sell Ljubljana Stock Exchange
Nearly 7 years after the CEE Stock Exchange Group took over Ljubljana Stock Exchange, it is considering to sell it again. By Vanda Mocnik Kohek, GSS Slovenia
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UniCredit: Best Sub-Custodian Bank in CEE 2015
In its World’s Best Sub-Custodian Banks survey, Global Finance magazine awarded UniCredit as Best Sub-Custodian Bank in CEE.                         
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Market news

› Austria
There are signs that the Austrian economy will be able to follow in the footsteps of the recovery in the Eurozone, albeit at a moderate pace. A UniCredit Bank Austria Economics & Market Analysis.  

 

› Croatia
The Croatian government adopted a National Reform Programme aimed at tackling structural imbalances. It supports overall EU objectives to sustain growth and jobs and to reach the Europe 2020 targets

 

› Russia
On 5 May 2015 the Central Bank of Russia (CBR) decreased the country's key interest rate from 14% to 12.5% per year

 

› CEE
A new law supports the development of the securities market of Azerbaijan. It aims to better protect investors’ rights, providing access to financial resources and expansion of financial services

 

Market statistics

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