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THE CENTRAL BANK AND THE NATIONAL SETTLEMENT DEPOSITORY AGAINST EUROCLEAR BANKRUPTCY

The Central Bank and the National Settlement Depository (NSD) did not support the bankruptcy of the European depository Euroclear in court. According to Interfax, the Bank of Russia believes that Euroclear has no signs of insolvency according to the criterion of insufficient funds. According to the representative of the Central Bank, the transfer of funds held in special accounts to the bankruptcy estate would violate presidential decrees. The representative of the National Settlement Depository supported the Central Bank and stated that money and securities cannot be ...

Modified: 01.23.2025
bankrupt , bankruptcy , lawsuit , court , debt , Central Bank , Bank of Russia , Euroclear , National Settlement Depository
Path: РусБанкрот - СМИ
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