| Giulio Di Cerbo | ||||||
When recently asked what the biggest challenge to his business was, a senior executive in the custody division of a newly merged European bank delivered an unexpected answer: Euroclear.
He could have cited one of a handful of competitors providing global securities services or even a regional upstart at work in local markets. But Euroclear is an international central securities depository (ICSD), an entity enabling broker and dealers to handle trades for clients outside the country where they are domiciled.
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