European Central Securities Depositories Association (ECSDA)’s Post

🌟 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 

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.

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!

 🌐 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 🌐📈🔍📖

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/  

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

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

European Central Securities Depositories Association (ECSDA) responds to Faster and Safer Relief of Excess Withholding Taxes European Commission Consultation. We welcome the Proposal for a new EU system for the avoidance of double taxation and prevention of tax abuse in the field of withholding tax. We salute the intention of the proposal to simplify the procedures for claiming cross-border withholding tax relief and eliminate tax barriers. https://lnkd.in/ejDGSBcR #withholdingtax