GSS Newsletter October 2017 - Issue 198

Dear Clients, Partners and Friends,

Meeting schedules and agendas are getting more and more compact each day, client proposals are being agreed on with GSS experts across our network to the finest granularity and our much-admired opera singer is busy selecting her programme for the UniCredit stand: SIBOS, we are on our way!

The conference programme promises to deliver enough background for discussions as it tries to get to the bottom of fintech’s impact on the business models of transaction banking. We are already looking forward to presenting our clients with our response to overwhelming standardisation, which, in our view, must not lead to a levelling down of services.

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


Compulsory fiscal identification
New fiscal rules demand an NIF certificate when opening an account in Romania. By Irina Savastre, Head of Global Securities Services, GSS Romania
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Sound capital base
The share capital of the Central Depository & Clearing Company has been increased. By Jelena Bilušić, Head of Relationship Management, GSS Croatia
› Read more

Shareholder duties
Requirements for shareholders of financial organisations will be extended in Russia. By Yuliya Umnova, Head of Product Dev. and Relationship Mmt., GSS Russia
› Read more

Ready for the Eurosystem
The settlement system of the Slovak NCDCP became eligible for use in European credit operations. By Maria Gelingerova, Relationship Manager, GSS Slovakia
› Read more

GSS Navigator - Identity in a coin
A lasting national symbol of Croatia and its prevailing impact. By Nikoleta Rodin Marotti, Account Manager, GSS Croatia
› Read more

Market news

› Croatia
The SKDD-CCP Smart Clear project further aligns with EMIR and reports a successful test run


› Hungary
The BSE has launched Xtend, a new multilateral trading facility dedicated to SMEs


› Russia
A new double taxation treaty with Japan will replace a previous convention dating back to 1986


› Serbia
Belgrade Stock Exchange’s 16th International Conference “Upgrade in Belgrade” will take place in November


› Slovakia
MIFID II regulations will be implemented into the legislation of the Slovak financial market


Market statistics

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