Working Group Chair:
Laurence Caron-Habib, BNP Paribas Securities Services

Following two earlier reports mentioned below on regulatory changes and their impact on stakeholders in the securities services industry, the ISSA Board mandated the Working Group to provide an update. On a global level, most of the G-20 requirements have been transposed through regional / local legislations. However, some detailed rules are still to be identified in many situations and effective implementation will be challenging for all stakeholders. It is also clear that the state of progress varies from one region to another and that new developments (not only in regulation) will continue to reshape the industry. The Working Group has decided to provide two consecutive update reports.

  • August 2018: The second report will focus on appraising how the securities services industry has adapted to these various evolutions. More recent and future developments will also be taken into consideration.

  • Final Report on Regulatory Developments in the Securities Services Chain (08/2018) > PDF 593 kB
  • Regulatory Developments in the Securities Services Chain (11/2017) > PDF 2.3 MB
  • Regulatory Trends and Initiatives Affecting Custodians, Clearers and (I)CSDs; Impacts and Implications (06/2012) > PDF 799 kB
  • Shadow Banking – Developments of Regulatory Changes and their Impact on ISSA Members (02/2014) > PDF 624 kB

Institutions represented by experts in the working group:

  • Brown Brothers Harriman & Co.
  • BNP Paribas Securities Services
  • Clearstream
  • DCV, Chile
  • DTCC
  • HSBC
  • ISSA