What is changing
The European Banking Authority said on 12 October that it had completed draft amendments to prudential technical standards covering central securities depositories and designated credit institutions that provide banking-type ancillary services. The work responds to the EU’s CSDR Refit, which allows a banking CSD to provide services such as cash accounts, deposits, payments and foreign-exchange transactions to other CSDs.
Risk focus
The EBA says the changes are intended to improve access to foreign currency and settlement efficiency without allowing greater interconnection between institutions to raise systemic risk unchecked. The draft standards focus on how the arrangement changes a banking CSD’s risk profile, the information supervisors need, and frameworks for monitoring, measuring, managing, reporting and disclosing credit and liquidity risks, including intraday exposures. The standards will proceed through the EU rulemaking process rather than taking effect immediately.
What it means for merchants
Merchants are not direct CSD users, but treasury and payment teams should ask banking partners how intraday liquidity and foreign-exchange dependencies are monitored when settlement chains rely on multiple regulated intermediaries.
Read the original announcement
European Banking Authority · 12 Oct 2026This brief summarizes the linked primary source. Claims and reported figures have not been independently audited by Payment Guide.