GSS Newsletter October 2016 - Issue 186

Dear Client, Partners and Friends,

Clearly, SIBOS was all about the profound effects that Blockchain and other revolutionary technologies will have on the strategic positioning of our industry. It was striking to observe how radically the subjects of debate among the participants have changed compared to last year.

Lamentations over regulatory burdens are a thing of the past and I dare say that it has been quite a relief to experience a new, forward-looking perspective. Given we may expect new developments to affect the post-trade sphere to an unprecedented degree, this is a call on all of us to carefully rethink our business models.

The good news is that the winner of this dramatic change will be the client. And catering for our clients’ needs is in the best interest of UniCredit GSS.

Susanna Scheffold
Global Head of Securities Services


Taking a stand for investors
GSS Russia has had a busy summer advocating for the interest of investors. By Natalia Sidorova, Head of GSS Russia
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Aiming at simplified tax reclaims
Through various channels UniCredit is lobbying for unified market practice in Serbia. By Dragana Stijelja, Corporate Actions and Tax Specialist, Serbia
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In talks with the market
Regulators discussed capital market infrastructure development issues with market participants. By Marina Sologub, Relationship Manager, GSS Ukraine
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The letter to Brussels was well received
The EU Council has accepted Bosnia and Herzegovina's membership application. By Enis Zejnić, Relationship Manager, GSS Bosnia and Herzegovina
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GSS Navigator: Prague
There are many reasons to visit Prague. I’ll will give you a few more. By Karolína Staňková, Head of GSS Czech Republic
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Market news

› Hungary
S&P reviewed its sovereign credit ratings on Hungary, thereby lifting it back to investment grade


› Romania
Following an index review, BVB has included Teraplast, Electroarges and Turbomecanica in the BET-XT index basket                                                                                        


› Russia
The Georgian and Russian CSDs have announced to establish correspondent relations


› Russia
Standard & Poor’s upgrades outlook on Russia`s credit rating to stable


› Russia
The Central Bank of Russia has prepared a draft of law that regulates the audit procedure for financial institutions performing CCP functions


› Bulgaria
The text of the new Double Taxation Avoidance Treaty between Bulgaria and Romania was promulgated in the State Gazette


The Polish clearing house, KDPW_CCP, will be entitled to cover new classes of instruments and categories of acceptable collateral


Market statistics

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