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The International Central Securities Depository (ICSD) Clearstream, which is part of Deutsche Börse Group, will continue to offer stable custody services no matter how the Brexit negotiations will evolve. This commitment is founded in Clearstream's core task, which is to absorb differences in regulatory frameworks. The company was established in 1970 (back then under the name Cedel) by 66 of the world's major financial institutions. The objective: minimising risk of cross-border settlement.
"We standardise what is fragmented", says Philip Brown, Co-CEO of Clearstream Banking S.A. "Clearstream has supported its clients in tough transitions before, among them the Argentina default and the beginning of the sovereign debt crisis with the restructuring of Greek bonds."...
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