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CSDR: Its heart is in the right place

Ben Pumfrett, Director of Product & Profitability, Middle Office at RBC Investor & Treasury Services, and other industry participants, discuss all things CSDR, from the biggest challenges to how the regulation will play out. 

How has the ongoing COVID-19 pandemic affected firms preparing for CSDR?

“The initial impact of the COVID-19 pandemic in March, which resulted in the transition to work from home arrangements combined with the management of exceptional transaction volumes, shifted the market’s focus from regulatory initiatives to day-to-day operations. The regulatory agenda has since regained prominence, but the pause in the intervening months did impact progress.” - Ben Pumfrett

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Originally published in Asset Servicing Times, Issue 246, August 5, 2020.