🌐 European Central Securities Depositories Association (ECSDA): Call for Action on Europe’s Capital Markets Competitiveness 📢ECSDA has published its “Call for Action on Europe’s Capital Markets Competitiveness.” This document provides valuable insights into the necessary measures for post-trade, which forms the foundation of legal unity and efficiency in European capital markets. ECSDA’s recommendations aim to strengthen Europe’s capital markets integration and growth. 🔍 Challenges in Post-Trade: The document addresses the root causes of issues hindering post-trade in the EU. Without addressing these underlying reasons, regardless of the technology or governance infrastructure, issuers, investors, and intermediaries will continue to grapple with fragmentation. 🚀 Towards the CMU: ECSDA reaffirms its commitment to developing and revitalizing the Capital Markets Union (CMU). Central Securities Depositories (CSDs) play a crucial role in providing services to issuers, investors, and the overall market. 👉 Read the full document: https://lnkd.in/eKgxvBjk #capital #markets #union (#CMU)
European Central Securities Depositories Association (ECSDA)
Financial Services
Brussels, Brussels 3,366 followers
We help CSDs to make European Financial markets safer and more efficient!
About us
ECSDA represents 40 national and international central securities depositories (CSDs) across 36 European countries. The association provides a forum for European CSDs to exchange views and take forward projects of mutual interest. It aims to promote a constructive dialogue between the CSD community, European public authorities, market players and other stakeholders looking to achieve an efficient and risk-averse post-trade environment for financial markets.
- Website
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http://ecsda.eu
External link for European Central Securities Depositories Association (ECSDA)
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Brussels, Brussels
- Type
- Nonprofit
- Founded
- 1997
- Specialties
- post trade, custody, depositories, securities settlement, European Union, CSD, trade association, and Geographical Europe
Locations
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Primary
Rue Royale 75
(access 1 Rue du Congrès )
Brussels, Brussels 1000, BE
Employees at European Central Securities Depositories Association (ECSDA)
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Marco Caligaris
CEO and Member of the Board of Directors presso LuxCSD
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Olga Jordao
CEO Euronext Securities Porto & Head of CSD Business Operations
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Thomas METIER
Head of Nordic Business Operations | Euronext Securities
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Irina Bussoli
Executive Assistant at European Central Securities Depositories Association (ECSDA)
Updates
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☝️Partial settlement and partial release are the tools available in most European CSDs that clients can leverage in order to achieve higher levels of settlement efficiency and hence decrease the settlement risk in European capital markets. 💪In the video, Céline Duquaine, ECSDA Settlement WG Deputy Chair, explains the situations in which these tools can help and how our member Euroclear has been able to help #CSDparticipants to enhance their use. 🏆Well done, Euroclear Settlement team! 👉The next move is the one of CSD Participants !
𝗘𝗹𝗲𝘃𝗮𝘁𝗲 𝗬𝗼𝘂𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝘄𝗶𝘁𝗵 𝗣𝗮𝗿𝘁𝗶𝗮𝗹 𝗦𝗲𝘁𝘁𝗹𝗲𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗣𝗮𝗿𝘁𝗶𝗮𝗹 𝗥𝗲𝗹𝗲𝗮𝘀𝗲 Settlement failures are a major pinch point in the financial markets, leading to increased costs and friction due to CSDR penalties. However, there is an efficient solution at hand to help reduce settlement fails: Partial Settlement. Just a month ago, we introduced our new functionality: Client Partial Release. Today, we are excited to revisit industry best practices we've established in collaboration with our community to optimise the use of partial settlement. Join us in celebrating this milestone and learn how you can streamline your #settlement processes and improve your own settlement efficiency. Let's continue to drive settlement efficiency levels higher together! For full details, watch the video or visit https://lnkd.in/ggtqcyjW #Euroclear
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🌟 Exciting News! 🌟 We are very happy to share that the European Central Securities Depositories Association (ECSDA) Board has elected Thomas METIER, Head of Nordic Business Operations at Euronext Securities, as Chair of the Corporate Event Working Group and Mireille Galeazzi, Director of Public Affairs at Euroclear as Vice-Chair of the Policy Working Group. 🤝 Corporate Event Working Group: Driving Harmonization Under Mr. Metier’s leadership, the working group will foster collaboration among key stakeholders, including depositories, regulators, and market participants to drive harmonization and defragmentation across European capital markets developing and implementing standardized processes and protocols for corporate actions. By aligning efforts and sharing best practices, we can eliminate inefficiencies and streamline operations. The ultimate goal is to create a unified framework that enhances transparency, reduces operational risk, and promotes investor confidence, toward a harmonized European capital market that is efficient, resilient, and globally competitive. 🔍 Policy Working Group: Engaging in the European Agenda Mrs Galeazzi looks forward to act as Vice Chair of the Policy Working Group and engage in the new European regulatory and political agenda as per the recent European elections. The Capital Markets Union (CMU), is expected to be an important component of the upcoming agenda with expectations on the post-trade environment including CSDs to further foster deeper and efficient financial markets. Together with the group’s Chair, she will strive to bring forward the European CSD’s contribution to these key topics. https://lnkd.in/eAz2-9Xd Let’s build a stronger, more connected European financial ecosystem! 🌐💼 #ECSDA #CSD #CMU #europeanmarkets #leadership #collaboration
The ECSDA Board elects Chair of the Corporate Event & Vice-Chair of the Policy WG
https://ecsda.eu
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ECSDA congratulates its Board of Directors and Senior CSD Industry Council advisors, elected at the General Meeting this week! 💪 The streamlined governance structure empowers us to better serve our diverse membership and address industry challenges head-on. 👏 Our deep appreciation for the elected Boards of Directors who stood up for the role: Mark Gem - ECSDA Chair, Clearstream; Guillaume ELIET, Euroclear and Olga Jordao, Euronext Securities - ECSDA Vice-Chairs; Georg Zinner, OeKB CSD GmbH - ECSDA Treasurer; as well as Indars Aščuks, Nasdaq; Francisco Béjar Nuñez, BME | Bolsas y Mercados Españoles; Mira Dobreva-Hilton, CDAD; Ondřej Dusílek, CSD Prague, Anne-Pascale Malréchauffé Clearstream/Deutsche Börse; Dora Matošić, SKDD d.d.; Alessio Mottola, Euronext Securities | Milan Ilse P., Euroclear Bank; Florentin Soliva, SIX Group; Maciej Trybuchowski, Grupa KDPW 🤝 We also congratulate our New Senior CSD Industry Council Advisors who will be able to decide on the strategic positioning of the Association, the European harmonisation agenda and the ways in which we can best provide high levels of efficiency and safety to issuers and investors in Europe and beyond. Read the Press release on the ECSDA website.
ECSDA elects its New Board Directors and Advisors to the Senior Council
https://ecsda.eu
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On 19 November 2024, in Brussels, European Central Securities Depositories Association (ECSDA) is hosting the Post-trade Conference 2024. If you are creating, regulating, working for or using a Financial Market Infrastructure, make sure to attend it!
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🌐 CSD Systemic Risk 📊 Financial Market Infrastructures (FMIs), including Central Securities Depositories (CSDs), are crucial for the stability of our financial system. The European Central Securities Depositories Association (ECSDA) Risk Management Working Group (RM WG) has taken a proactive step by establishing a Task Force to delve deeper into systemic risk and produced a great paper for the benefit of all of us. 🔍 The Task Force focused on macroeconomic stress exposures for CSDs and systemic risk implications in their interactions with market participants. Discussions extended to domains like business continuity and recovery planning. The result? A proposed set of indicators is presented in a high-level systemic risk dashboard outlined in our latest report. 📈 ECSDA RM WG Members will begin using this methodology, open to evolution over time. Should you have a view? We'll be pleased to exchange about it. https://lnkd.in/eBg2rqqc #CSD #Finance #RiskManagement #FinancialMarkets #SystemicRisk #ECSDA #FinancialStability 🌐📈🔍📖
ECSDA Publishes its Systemic Risk Indicators Report
https://ecsda.eu
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In a strategic move, during its General Meeting on Friday, 24 November 2023, European Central Securities Depositories Association (ECSDA) undertook significant changes to fortify its governance structure and bring its Articles of Association in line with the Belgian company code. One of the notable changes includes the establishment of a more streamlined Board, comprising a maximum of 14 members, and the introduction of the Senior Council to bring extensive expertise to the table for defining the CSD Industry. ECSDA also welcomed a new member, Verðbréfamiðstöð Íslands hf. https://ecsda.eu/
ECSDA views and news
https://ecsda.eu
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In November, one year and a half after the implementation of the Settlement Discipline Regime, the European Central Securities Depositories Association (ECSDA) #Settlement Working Group is releasing its discussion paper to share its preliminary analysis about the main root causes of #settlement fails in Europe, as far as visible at the level of CSDs and reported through a survey by their participants. The intention is to share some initial recommendations to improve the settlement efficiency in Europe. #settlement https://lnkd.in/enreFJh3
ECSDA publishes its Settlement efficiency considerations
https://ecsda.eu
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Congratulations to Euroclear and its partners for launching a Digital #Issuance service based on DLT that is fully in line with CSDR, and hence providing safety and legal certainty. With 3 major European #CSDs having done issuance on DLT, European infrastructures are paving the way of innovation of #financial infrastructure. 💫 #CSDR #DLT #innovation
Euroclear announces the launch of its Digital Securities Issuance (D-SI) service. It enables the issuance, distribution, and settlement of fully digital international securities - Digitally Native Notes (DNN) - on Distributed Ledger Technology (#DLT). The D-SI service operates as part of Euroclear’s D-FMI DLT platform. The D-FMI is connected to the traditional settlement platform of #Euroclear for secondary market operations on the DNN, granting investors full access to trading venues and #liquiditymanagement facilities. A key benefit of this service is full #CSDR compliance. The inaugural DNN was issued by The World Bank and was listed on the Luxembourg Stock Exchange. Citi’s Issuer Services acted as the issuing and paying agent, TD Securities as the dealer, and Euroclear Bank as the issuer Central Securities Depository. Read the full press release, which includes contributions by Lieve Mostrey, CEO, Euroclear group, Anshula Kant, Managing Director and Chief Financial Officer, World Bank Group, Andrew Mulley, EMEA Head of Citi's Issuer Services and Riaz Ahmed, President and CEO, TD Securities. ⬇
Euroclear launches DLT solution for the issuance of digital securities
euroclear.com