Deutsche Börse Group to Streamline Structure Amid Evolving EU Regulatory Landscape
In response to recent European regulatory developments and a strategic internal review, Deutsche Börse Group sees significant potential to reduce regulatory complexity and improve operational efficiency.
As part of this initiative, Eurex Clearing AG, the leading central counterparty (CCP) in the Euro area, is preparing to return its banking license. This move aligns with preparations to access the revised Eurosystem overnight credit facility for CCPs, which is designed to provide central bank liquidity support during periods of market stress. The return of the banking license would follow a final decision and terms from the European Central Bank (ECB), as CCPs would no longer require a banking license under the new framework. Eurex Clearing’s status as a licensed CCP under EMIR will remain unchanged.
Similarly, Clearstream Banking AG in Frankfurt is evaluating the return of its banking license following recent amendments to the Central Securities Depositories Regulation (CSDR Refit). The revised regulatory framework allows the German CSD to focus on its core responsibilities, including new issuance services, safekeeping, asset servicing, and settlement. The return of the license remains subject to certain operational conditions and regulatory approvals.
Meanwhile, Clearstream Banking S.A., the Luxembourg-based International Central Securities Depository (ICSD), will continue to operate under its Capital Requirements Regulation (CRR) license. It will maintain its role as the Group’s service CSD and continue to support commercial bank money settlements.
Stephan Leithner, CEO of Deutsche Börse Group, stated:
“As a full-service Financial Market Infrastructure group, we continually seek opportunities to reduce regulatory complexity and increase efficiency. This benefits not only our clients and shareholders but also strengthens the broader financial ecosystem. We welcome the EU’s efforts toward simplification and global competitiveness. In close dialogue with our regulators, we aim to maintain the highest standards of safety and integrity while optimizing structures for greater efficiency.”
These planned changes represent Deutsche Börse Group’s broader effort to align with evolving regulatory requirements while preserving the robustness and resilience of its financial market infrastructure.
