Preparing to comply with the CSD regulation.

Bibliografía : páginas 111-112.

Introduction, 102 ; What will change for CSDs?, 103 ; Single authorisation process, 103 ; Harmonised safety standards, 104 ; Strict framework for commercial bank money settlement, 104 ; High degree of transparency, 105 ; More intense competition, 105 ; What will change for market participants?, 106 ; A shorter settlement cycle (T+2), 106 ; More systematic penalties imposed on settlement fails, 108 ; Incentives to segregate client accounts at the CSD level, 108 ; Strict safety requirement for banks acting as CSD cash settlement agents, 109 ; New reporting requirements for 'internalisers'?, 109 ; Other actors, 109 ; What's next?, 110 ; Interplay with other public initiatives, 110 ; Conclusion, 111

This paper looks at what is going to change with the soon-to-be-adopted european regulation.