Taskize and Euroclear recently partnered with Scottish Investment Operations to deliver a CSDR Webinar focused on the buy-in reporting challenge and how Euroclear, as a CSD, is looking to solve it with Taskize.
Under the incoming regulations, CSDs are obliged to record and report buy-ins to their regulators. Challenges arise for CSDs because the related buy-in information is not always at hand. The necessary information must instead be reported to them, often after passing through a holding chain of various buyers and intermediaries.
To meet these obligations, Euroclear sought a harmonised and cost effective solution to simplify the buy-in reporting process for itself and its members. Taskize, already utilised for Euroclear’s customer service channels, delivers this by enabling buy-in reports to be easily submitted to not just CSDs, but intermediary agents and custodians.