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Rising costs of regulation, pressure to reduce margins and increased competition are all factors in drive to potential partnership between Switzerland’s CSD and the European ICSD Group. Emphasis is on managing costs and creating new services.
Six Securities Services and Clearstream announced their intention to enter into a partnership to provide services to the Swiss and European markets in the future. With European financial market infrastructures facing substantially increased costs of regulation and compliance, it has become essential for FMIs to move towards market consolidation and rationalisation to offset these new challenges. By working together to address these issues, Clearstream and Six Securities Services are taking a proactive approach together to drive...
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