Dear Clients, Partners and Friends,
As we are now enjoying the autumn months, reflecting on the summer, I hope all of you were able to enjoy some relaxing time off with your families and friends and have returned re-energized for the remainder of this year. For us, in Global Securities Services (GSS), these upcoming months promise to bring excitement with many upcoming changes in the pipeline including, amongst many, externally driven regulatory changes where UniCredit remains at the forefront of driving advocacy for positive local implementation, as well as internally driven system changes where our new Custody system will have roll-outs in 3 further markets, namely Bosnia and Herzegovina, Serbia and Slovenia.
In this edition of our Newsletter, starting with our navigator article, the Czech Republic shares a fascinating opportunity to visit a unique exhibition of Alphonse Mucha’s works in the Prague Castle. In addition, we explore the Czech Republic’s presidency of the European Union and the foreseen effects this might have both in-country and globally, provide extensive details regarding the upcoming introduction of the Euro in Croatia, elaborate on the Hungarian CSD’s continuing efforts to further align with international standards, underline the effects of SRD II and the Companies Act in Slovenia, and provide insight into Bulgaria’s efforts in the adoption of ESG standards.
All of these topics, and more, will be key focal-points for many of our conversations and, especially, at SIBOS, where we are once again excited to have the opportunity to meet with many of you in person. A key indicator of our industry’s excitement towards re-joining this pinnacle event in physical form is in how quickly our schedules were filled, with many of the meetings having already been confirmed from very early in the summer. This year, Julia Romhányi, Global Head of Securities Services, has the distinct pleasure of joining a selected group of experts on the SWIFT stage to discuss “Is T+1 the goal or a step to instant securities settlement?” This panel will take place on October 10 from 12:30-13:15 (CET) and we hope many of you will have the opportunity to join in on what promises to be a very insightful discussion. Additionally, as always, we would be pleased to have you visit our stand (B03) to discuss any topics of interest with our delegation.
To conclude, heading towards the final months of the year, GSS and all of our experts remain committed to helping our partners navigate a field of ever-increasing challenges, all the while laying the ground for long-term success, by providing the tools necessary to support our endeavors. We thank all of you for the continued trust and, in turn, wish you an informative (and enjoyable) time reading this quarter’s Newsletter.
Deputy Global Head of Securities Services