GSS Newsletter June 2016 - Issue 182

Dear Clients, Partners and Friends,

Time is running. There are only a few months left for Austria to join the T2S system. In this issue, Günter Schnaitt, who represents UniCredit at the T2S Advisory Group, delivers an overview of the current implementation progress as well as of UniCredit’s involvement.

Being the drivers of T2S preparations in our banking group, the GSS Department is happy to report that all interfaces with other units have been working smoothly from the very beginning, which makes us optimistic for the go-live in February.

After considering the size of our markets, volume of transactions, and the importance of in-depth market knowledge that can only be acquired through local experts on the ground, we concluded the most effective strategy would lie in a “business as usual” model. We believe, however, that T2S has not yet fully realised its potential as new markets will continue to join T2S in the upcoming years.

The GSS team will continue to do our best to prove our excellence and be your provider of choice in navigating the long road ahead to a successful T2S migration.

Susanna Scheffold
Global Head of Securities Services

Highlights

Near completion
UniCredit Bank Austria is getting ready for Austria’s joining the T2S universe early next year. By Günter Schnaitt, Head of GSS Austria
› Read more

Sofia stress tests
Bulgarian Banks will have to undergo stress tests as part of a comprehensive assessment of the banking system. By Borislav Hitov, Head of GSS Bulgaria
› Read more

Timeline modified
Hungarian KELER has published an updated schedule for the implementation of its new BaNCS system. By Beata Szőnyi, Senior Relationship Manager, GSS Hungary
› Read more

Closing up to CSDR
KDPW implements numerous changes to adapt its system to CSDR. By Krzysztof Pekrul, Relationship Manager, GSS Poland
› Read more

Market news

› Romania
The Bucharest Stock Exchange is considering to take over the Sibiu Stock Exchange

 

› Russia
The disclosure process for foreign and Russian investors will become simplified

 

› Serbia
Serbia’s country risk improves to “moderate” over increased economic and political stability

 

› CEE
A number of legislative amendments shall encourage foreign investment in Uzbekistan

 

Market statistics

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