Some firms ‘struggling’ with CSDR fine data
Following the implementation of cash penalties under the Central Securities Depositories Regulation, some organisations have been caught unprepared.
Our Head of Financial Products Pardeep Cassells spoke to Ramla Soni about how the market has returned to costly manual processes to deal with the new requirements. Yet a silver lining has emerged – CSDR has brought the organisations together to understand the issues they are facing, and there is a notion of a more collaborative market. Implementing the right technology, she says, is crucial for managing these changes.
Journalist: Ramla Soni
Publication: Global Investor