Global Perspectives
Providing you with a broad range of market insights that are shaping the securities services sector.

Global regulations to watch in 2022
14 October 2021
Read more about some of the key global policy priorities and regulations to watch as we move into 2022.
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Settlement Discipline Regime (SDR)
6 September 2021
The Central Securities Depositories Regulation (CSDR) Settlement Discipline Regime (SDR) will come in to force on 1st February 2022. It is important that asset owners and managers are prepared for and compliant with the Regulation. Our latest operations guide will help you to navigate the impact of CSDR implementation.
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AsiaTalks podcast - Indonesia: The New Omnibus Tax Law
11 August 2021
The New Omnibus Tax Law will come into effect on 2 August 2021 in Indonesia. Listen to Clarita Felicia Kurnia, Head of Tax, Securities Services Operations and Agusno Irawan, Head of Direct Custody and Clearing Client Services in HSBC Indonesia as they provide an overview on the new law and as well as share their custody related tax experiences in the Indonesia market.
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Digital Assets - European Regulatory Developments
27 July 2021
This article seeks to navigate the recent European digital asset consultations and regulations, including the contents of the European Commission’s Digital Finance package published on 24 September 2020. It also examines the position in the United Kingdom and Germany, whilst understanding the complexities behind the innovative product developments in this field.
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MarkeTalks Podcast - ESG in Asia
26 July 2021
Asia is emerging as a leading region in environmental and social issues, where a vast majority of investors and issuers consider these topics as important or very important. Listen to Niccolo Polli, CEO of HSBC Luxembourg and Riccardo Millich, Asia- Europe Sales Lead, HSBC Luxembourg as they discuss the opportunities and implications of ESG investing in Asia.
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RegTalks Podcast – Uncleared Margin Requirements
23 July 2021
Legislating for the clearing and margining of derivatives trades has been a major undertaking for the world’s regulators since the 2008 financial crisis, with many new rules related to this topic having come into force in the intervening years. Henry Raschen, Director, Regulatory Outlook at HSBC’s Securities Services discusses the requirements and implications of UMR with Craig Cowe, Director, Collateral Product Management and Helen Baker, Director, Global Custody Product Management.
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The role of digital and data as an enabler for the custody industry
14 July 2021
As banks look to expand the number and scope of services which they offer clients, many are increasingly embracing digitalisation. This transformation is evidenced by the industry’s development of digital custody solutions and its wider adoption of innovative technologies such as DLT (distributed ledger technology); smart contracts; AI (artificial intelligence) and APIs (application programming interfaces).
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DigiTalks Podcast – DORA: The Impact of the EU Digital Operational Resilience Regulation
12 July 2021
The European Union’s proposed Digital Operational Resilience Regulation (DORA) focuses on risks stemming from reliance on Information and Communication Technology (ICT), particularly any specific characteristics of digital resilience, with emphasis on concentration risk in ICT. Listen to Henry Raschen, Director, Regulatory Outlook at HSBC’s Securities Services and Claire Harrop, Senior Associate in the Financial Institutions Group at Freshfields, discuss DORA’s content, progress and implications for financial firms now.
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Regulators look to facilitate safe innovation
9 July 2021
Fuelled by the rapid progress of digitalisation across financial services, regulators are scrutinising some of the technologies reshaping the industry. In the EU, regulators are putting together a comprehensive supervisory framework to oversee crypto-assets, a market that is undergoing exponential growth. Experts at HSBC's Markets and Securities Services Forum – Opportunities in 2021 and Beyond – shared some of their insights into how the EU's digital reform package could impact markets.
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DigiTalks Podcast - MiCA: The impact of the EU Markets in Cryptoassets Regulation
8 July 2021
The European Union’s proposed Markets in Cryptoassets Regulation (MiCA) aims to regulate many types of cryptoassets not already within MiFID, harmonising regulatory treatment, mitigating risks, and making the EU an attractive place for cryptoasset business to locate in.
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RegTalks Podcast: The impact of Brexit on securities services (so far)
29 June 2021
The transition period for the UK leaving the European Union (“Brexit”) ended on 31 December 2020. In the months before the transition period ended, the UK converted into law any existing EU regulations that had direct effect in the UK at the end of the transition period. During this “onshoring” process the UK in some cases made technical and other amendments to the legislation so that it would work in the UK after Brexit. EU Directives applying before 31 December 2020 already formed part of UK law, so did not need UK onshoring.
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(L)IBOR – the final lap?
28 April 2021
Part 2 of our L (IBOR) series, L (IBOR)- the final lap, explores the latest announcements by regulators and in-depth insights from market participants.
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HSBC Webinar: Regulations to watch into 2021
6 August 2020
Financial services firms – irrespective of whether they are banks, brokers, intermediaries, asset managers or asset owners – are seeing some postponements, but no real reduction in the volume, of regulatory change impacting their global businesses into 2021.
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HSBC Webinar: CSDR settlement discipline - hurdles in the final lap?
1 July 2020
In this webinar, our panel of experts will set out their view of the path ahead on the CSDR settlement discipline regime, explaining the current issues, and setting how they might be addressed.
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Central Securities Depositories Regulation (CSDR): Impacts on the buy-side
26 June 2020
When fully implemented, it could be argued that CSDR will have had the biggest impact on the post-trade life cycle. Our guide for asset owners and managers will help you to navigate the impact of CSDR implementation.
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Shareholder Rights Directive II - Global Custody FAQs
22 June 2020
We are pleased to answer some of the vital questions you may have about how HSBC will implement SRD II, and its regulatory impact on our corporate operations, proxy services and disclosure processing.
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Shareholder Rights Directive II - UK and Ireland Direct Custody and Clearing (DCC) FAQs
22 June 2020
We are pleased to answer some of the vital questions you may have about how HSBC will implement SRD II, and its regulatory impact on our corporate operations, proxy services and disclosure processing.
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Shareholder Rights Directive II
17 June 2020
Europe's Shareholder Rights Directive II ("SRD II") is expected to come into force on 3 September 2020. SRD2 brings with it changes for those issuing, those invested in, and those facilitating investment in European traded shares. Our new guide explains what is happening and describes the key phase 1 and phase 2 implications for market participants.
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The End of the Road for (L)IBOR
17 June 2020
A Securities Services - Regulatory & Tax Product article based on our recent live webinar.
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HSBC Webinar: End of the road for (L)IBOR: implications for asset managers and asset owners
8 June 2020
Our specialists from HSBC Securities Services and Global Markets discuss across 3 dimensions of the IBOR replacement challenge: intentions and views from regulators, the impact on the buy side and intermediaries and the impact on the sell side.
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HSBC Webinar: Global Custody Cross-Border Withholding Taxes: Asia focus on Covid-19 Impact
22 May 2020
Our specialists from HSBC Securities Services (HSS) outline their views on the current international tax landscape for Asian portfolio investors. We share practical insights for temporary measures in light of Covid-19 to overcome some of these challenges.
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Central Securities Depositories Regulation (CSDR): Frequently asked questions
13 May 2020
HSBC Securities Services have received a number of questions around the implementation details of CSDR Settlement Discipline from our custody clients. We have compiled the most frequently asked questions, with our current responses. The questionnaire covers trade matching, penalties and mandatory buy-ins, and we expect to update it periodically.
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HSBC Webinar - SRD2: Practical implications for institutional investors in EU Companies
13 May 2020
Listen to our webinar replay where HSBC Securities Services discuss the objectives of SRD2, the practical implications for issuers, intermediaries and asset owners and the key industry challenges being confronted ahead of regulatory compliance.
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HSBC Webinar: Global Custody Cross-Border Withholding Taxes
4 May 2020
Our webinar provides timely global market insights for EMEA portfolio investors in light of the Covid-19 challenges.
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HSBC Webinar: Regulations to watch 2020
6 February 2020
Our 2020 Regulatory Outlook webinar explores some of the key regulatory developments that will shape the financial services industry in 2020 and beyond.
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SRD II: Change is coming
10 December 2019
IIn 2007, the EU introduced the first version of the Shareholder Rights Directive (SRD), a piece of legislation designed to strengthen the rights of shareholders invested in listed European companies.
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European Change with Global Impact: CSDR Webinar
26 November 2019
A webinar with HSBC Securities Services covering the new EU Central Securities Depositories Regulation (CSDR) settlement discipline regime
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