Insights

Take a look at our past and present SGSS Insights!

Regulatory, technology, market perspectives, responsible investment, financial key events...So many subjects dealt with by our experts!

08 Nov 2022
"Commitment and transformation to create the financial centre of the future”
Mathieu Maurier, CEO of Societe Generale Securities Services (SGSS) in Luxembourg, addresses the challenges facing the...
Market Perspectives
Mathieu Maurier, CEO of Societe Generale Securities Services (SGSS) in Luxembourg, addresses the challenges facing the asset servicing business in Luxembourg. He believes that just as his own teams are conducting many transformational projects, the Luxembourg fund industry needs to rethink its own operational model. To maintain its position as world leader it...
"Commitment and transformation to create the financial centre of the future”
24 Oct 2022
Postponement of TARGET consolidation to 20 March 2023
The TARGET consolidation project, which aims to merge the technical platforms of Target 2 and Target 2 Securities* in...
Regulatory
The TARGET consolidation project, which aims to merge the technical platforms of Target 2 and Target 2 Securities* in order to optimise liquidity management across all TARGET services, is rescheduled from 21 November 2022 to 20 March 2023.
Postponement of TARGET consolidation to 20 March 2023
21 Oct 2022
CSDR Refit - SDR: Parliament formalises its first proposals
On 17 March, the European Commission (EC) has published its proposal for a revision of the CSDR Regulation*, which dealt...
Regulatory
On 17 March, the European Commission (EC) has published its proposal for a revision of the CSDR Regulation*, which dealt in particular with the buy-in obligation. The EC draft has since been in the hands of the Council and Parliament: Each institution has to decide on the content and on the amendments to be made.
CSDR Refit - SDR: Parliament formalises its first proposals
19 Oct 2022
Cryptos gaining ground in the Middle East
Between 1 January 2021 and 30 October 2021*, the market capitalisation of cryptocurrencies tripled. That's when Bitcoin...
Market Perspectives
Between 1 January 2021 and 30 October 2021*, the market capitalisation of cryptocurrencies tripled. That's when Bitcoin surpassed the famous $60,000 threshold. Unfortunately, the first eight months of 2022 wiped out this dramatic rise. The recent "incident" on the Terra Luna stablecoin, and even the difficulties of certain players in the ecosystem, have...
Cryptos gaining ground in the Middle East
17 Oct 2022
CSDR - SDR: The mandatory buy-in is postponed to November 2025
Since June 2022*, CSDR allowed the coexistence of different dates for the implementation of settlement disciplines...
Regulatory
Since June 2022*, CSDR allowed the coexistence of different dates for the implementation of settlement disciplines (SDR). Specifically, it offered the possibility of a delayed starting date for the buy-in obligation (MBI)**. The date had yet to be set: it has now been established.
CSDR - SDR: The mandatory buy-in is postponed to November 2025
12 Oct 2022
EMIR Refit: Evolution of the reporting to Trade Repositories
It has taken time for this subject to come to a conclusion, as the consultation conducted by the European Securities and...
Regulatory
It has taken time for this subject to come to a conclusion, as the consultation conducted by the European Securities and Markets Authority (ESMA) on this major development in reporting to the Trade Repositories (TRs) ended in July 2020 and resulted in proposals for delegated acts transmitted to the European Commission (EC) in December 2020.
EMIR Refit: Evolution of the reporting to Trade Repositories
12 Oct 2022
The AMF has updated its doctrine on liquidity management tools
Following the public consultation held in February 2022 on the strengthening of liquidity management tools requirements,...
Regulatory
Following the public consultation held in February 2022 on the strengthening of liquidity management tools requirements, the Autorité des Marchés Financiers (AMF) has published an update of its doctrine to clarify its requirements on the way these tools operate in collective investment undertakings (UCIs).
The AMF has updated its doctrine on liquidity management tools
11 Oct 2022
The democratisation of asset management and its technological trends
A look back at AM Tech Day and the exciting and thought-provoking discussions that took place.
Technology
A look back at AM Tech Day and the exciting and thought-provoking discussions that took place.
The democratisation of asset management and its technological trends
11 Oct 2022
Home stretch for MiCA
The MiCA draft regulation was adopted on October 10 by the European Parliament's Economic Affairs Committee (28 votes...
Regulatory
The MiCA draft regulation was adopted on October 10 by the European Parliament's Economic Affairs Committee (28 votes for, 1 against) after being validated on October 5 by the European Council.
Home stretch for MiCA
10 Oct 2022
Publication of final Guidelines on MiFID II suitability
The European Securities and Markets Authority (ESMA) has published its final Guidelines on certain aspects of the MiFID...
Regulatory
The European Securities and Markets Authority (ESMA) has published its final Guidelines on certain aspects of the MiFID II suitability requirements on September 23, 2022.
Publication of final Guidelines on MiFID II suitability
03 Oct 2022
Limited Qualified Investor Fund (L-QIF)
Switzerland plans the launch in 2023 of a new type of alternative investment fund, the LQIF: an opportunity for private...
Regulatory
Switzerland plans the launch in 2023 of a new type of alternative investment fund, the LQIF: an opportunity for private asset & alternative asset managers willing to boost distribution in this major market in Continental Europe?
Limited Qualified Investor Fund (L-QIF)
29 Sep 2022
Private Equity continues to grow in Morocco
In 2021, private equity investment reached a record level in Morocco, in terms of both fund raising and the growing...
Market Perspectives
In 2021, private equity investment reached a record level in Morocco, in terms of both fund raising and the growing number of companies receiving investment.
Private Equity continues to grow in Morocco
27 Sep 2022
The challenges of outsourcing to support the development of unlisted companies
New operational systems are available to multi-expertise or specialised asset managers to cope with the growth of...
Market Perspectives
New operational systems are available to multi-expertise or specialised asset managers to cope with the growth of private markets.
The challenges of outsourcing to support the development of unlisted companies
20 Sep 2022
Is there a European project on withholding tax procedures within the EU?
A draft European Directive should be issued at the end of 2022 in order to define a common and standardised procedure...
Regulatory
A draft European Directive should be issued at the end of 2022 in order to define a common and standardised procedure within the European Union for withholding tax refunds for all Member States.
Is there a European project on withholding tax procedures within the EU?
20 Sep 2022
New French UCI Chart of Accounts
In France, the accounting of Undertakings for Collective Investment, or UCIs, is organised by a chart of accounts...
Regulatory
In France, the accounting of Undertakings for Collective Investment, or UCIs, is organised by a chart of accounts proposed by the Autorité des Normes Comptables (ANC) and approved by the Commission des Normes Privées. The chart of accounts for UCIs has not been properly revised since 2003, though some changes have been adopted to accommodate new products.
New French UCI Chart of Accounts
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Video library

Data: A key issue for execution performance
What is the cost of the data needed for accessing liquidity? What is the impact of data on the quality of management and...
Execution & Dealing Services (I-Deal)
What is the cost of the data needed for accessing liquidity? What is the impact of data on the quality of management and reporting? How does I-DEAL, SGSS's customisable dealing and execution outsourcing solution, enable asset managers optimise this cost? Vincent Borras, Deputy Head of Market Solutions, explains.
Data: A key issue for execution performance
SGSS' European Investor Summit 2022 Wrap-up video
A look back on SGSS' third edition of the European Investor Summit, held on 8 June 2022. The event gathered over 150...
Market Perspectives
A look back on SGSS' third edition of the European Investor Summit, held on 8 June 2022. The event gathered over 150 Asset Owners, Fund Managers and Financial professionals in Paris for one day to discuss challenges and opportunities of our industry.
SGSS' European Investor Summit 2022 Wrap-up video
Corporate Actions, do you speak 20022?
The ISO 20022 format has just been adopted for electronic data interchange between financial institutions for Corporate...
Regulatory
The ISO 20022 format has just been adopted for electronic data interchange between financial institutions for Corporate Actions. What is it about and why is this change necessary? Interview with Pierre Colladon, Senior Advisor Public Affairs and Regulation at Societe Generale Securities Services.
Corporate Actions, do you speak 20022?
Pilot Regime: an experimental regulation at the service of innovation
Find out all about the Pilot Regime, designed to test the use of distributed ledger technologies (DLT) in market...
Regulatory
Find out all about the Pilot Regime, designed to test the use of distributed ledger technologies (DLT) in market infrastructure, through our interview with Alain Rocher, Head of Knowledge Management at Societe Generale Securities Services.
Pilot Regime: an experimental regulation at the service of innovation