GSS Newsletter October 2015 - Issue 174

Dear Clients, Partners and Friends,

SIBOS is coming up and, as tradition has it, everyone is busy squeezing meetings into packed diaries, adding final touches to fancy presentations and getting glossy brochures to the printers.

For the first time, I will be part of the UniCredit delegation and I am already looking forward to meeting many of you there. An abundance of hot topics concerning regulation occupy the minds of market users from around the globe and we will be prepared to share our deep insight with you right on the spot in Singapore.

In the meantime, this new issue of the GSS Newsletter shall keep you posted on the most recent developments in the ever-changing infrastructures in our home markets.

Susanna Scheffold
Global Head of Securities Services


On the way to a regional CCP
The EBRD has started to involve itself in the CCP architecture in CEE. Susanna Scheffold presented her views at a high profile conference in London
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Faster OTC settlement
The Russian CSD has taken measures to enhance the technical netting of OTC DVP transactions. By Yuliya Shibukova, Relationship Manager, GSS Russia
› Read more

Changes to come
Poland’s CSD and CCP have announced major system developments for 2016 and beyond. By Mariusz Piękoś, Director Foreign Clients Office, GSS Poland
› Read more

New rules
Investors in Bulgaria can now benefit from more detailed market claims and buyer protection regulations. By Borislav Hitov, Head of GSS Bulgaria
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Cross-matching and tax clarity
Amendments to the CDCC rules will influence the operating models of Croatian market participants. By Jelena Bilušić, Relationship Manager, GSS Croatia     
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Market news

› Russia
Boards of Directors of Russian banks will be held responsible for bringing their credit institution to banking license revocation or a rehabilitation


› Russia
The Moscow Exchange launched a market making programme to support liquidity in the Eurobond market within a T0 trading mode


› Bosnia and Herzegovina
S&P affirmed its 'B/B' long and short-term foreign and local currency sovereign credit ratings of Bosnia and Herzegovina. The outlook is stable


Residents of Serbia and Kazakhstan will soon be able to benefit from the tax rates agreed in a double taxation treaty


› Romania
The Bucharest Stock Exchange will create a 20 minute window to trade on the Deal Market by adjusting the continuous trading starting as of 5 October 2015


The Mongolian Parliament approved the main direction for privatisation and restructuring of state properties in 2015-2016


Market statistics

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