Impact of T2S and regulation on Eastern Europe and CIS markets

T2S and other major EU regulatory initiatives will have a significant impact on the business strategies of financial institutions that are active in the Central and Eastern Europe (CEE), South-Eastern Europe (SEE) and Commonwealth of Independent States (CIS) markets.

clearstreamT2S and other major EU regulatory initiatives will have a significant impact on the business strategies of financial institutions that are active in the Central and Eastern Europe (CEE), South-Eastern Europe (SEE) and Commonwealth of Independent States (CIS) markets.

Financial Services Research (FSR) recently interviewed experts from the key players of the securities services industry active in these regions to get their views on the impact of T2S and other regulatory initiatives on their strategic positioning.

Participants :

Péter Csiszér, Director of Strategy and Client Relations, KELER

Martina Gruber, Executive Board Member, Clearstream

Júlia Romhányi, Head of Central and Eastern Europe, Global Securities Services, UniCredit

Attila Szalay-Berzeviczy, Executive Director, Head of Group Securities Services, Raiffeisen Bank International

Bob Currie, Editorial Director, Financial Services Research Ltd (Moderator)

Example of question : 

It is now more than 3 years since we last hosted a strategy discussion focusing on the development of the securities services segment in Central and Eastern Europe, South-east Europe and CIS markets. What have been the principal changes in your business strategies over this period? And how have changes in the regulatory environment and business climate shaped these decisions?

How do you view the recent evolution of the largest CEE markets? Several of these, for example Czech Republic and Hungary, have offered relatively limited trading activity and a relatively narrow range of liquid, listed stock when compared with the apparent potential that these markets appear to offer?

Is centralisation of operations and use of a regional operations centre a requirement now in order to be a leading provider in the CEE marketplace?

Read expert’s answers