BNY Mellon asset servicing professionals discuss the impact of the Markets in Financial Instruments Directive on the European Union financial markets regulatory system.
Central Securities Depository
Turning Insights to Action
European market infrastructure — exchanges, clearing and settlement systems — is experiencing a period of rapid and profound change which is intended to increase competition and the competitiveness of the securities industry. We have worked alongside European regulators and industry bodies, both local and supra-national, to help shape the on-going evolution of Europe's post-trade infrastructure.
BNY Mellon Central Securities Depository (CSD), as a new addition to the European market infrastructure, is a natural evolution of our investment services offering. BNY Mellon is one of the world's leading providers of investment services with more than US$26 trillion in assets under custody and administration*.
A Collaborative Approach
BNY Mellon CSD SA/NV harnesses our securities servicing expertise, scalable architecture, operational efficiencies and ingenuity to bring a fresh perspective to support the evolution of the European market infrastructure. Our ever-expanding suite of capabilities reaches across borders, around the globe and supports multiple currencies and securities.
BNY Mellon CSD, as an issuer CSD**, will provide streamlined new issues services and integrated settlement, safekeeping and portfolio services to the global marketplace. Its capabilities:
- Enable issuers to access capital effectively and communicate with their securities holders
- Deliver notary, settlement and safekeeping services for deposits of bonds and listed equities
- Handle only dematerialised securities
*As of December 31, 2012.
**A central securities depository (CSD) in which securities are issued (or immobilised) and provided with registrar and notary services as well as settlement and safekeeping services.