ECSDA views and news

ECSDA views and news

Today, 11 September 2024, ECSDA issues the update of the ECSDA CSDR Penalties Framework. This version of the document reflects the implementation of the amendment of Article 19 CSDR SDR concerning the collection and redistribution of penalties. As per such
On 9 September 2024, ECSDA responds to the ESMA consultation on CSDR SDR scope and provides its view on what may be considered in the scope of cash penalties application for: a. Underlying causes of settlement fails that are considered
On 9 September 2024, ECSDA responded to the ESMA consultation aimed at amending Regulation EU 2017/392 and Regulation EU 2017/394, following the amendments to Article 22 of the CSDR, which were introduced with the CSDR Refit. These amendments concern the
On 3 September 2024, the European Central Securities Depositories Association (ECSDA) jointly with the Association for Financial Markets in Europe (AFME) and the Federation of European Stock Exchanges (FESE), published a joint explanatory note on the impact of the US
We are excited to announce that the registration for the ECSDA Conference 2024 is now open! This year's conference will take place on 19 November at the Auditorium of the National Bank of Belgium (NBB) in Brussels, rue Montagne aux
Today, 22 July 2024, ECSDA released its Call for action on Europe's Capital Markets Competitiveness. As the EU begins a new political cycle, ECSDA reaffirms its continued support for the further development and revitalisation of the Capital Markets Union (CMU).
On 4 July, the ECSDA Board 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
The European Association of CCP Clearing Houses (EACH), the European Central Securities Depositories Association (ECSDA), and the Federation of European Securities Exchanges (FESE) (the co-signatories) welcome the progress made on the European Cybersecurity Certification Scheme for Cloud Services (EUCS) and
ECSDA is pleased to announce significant changes to its governance structure starting from the General Meeting held in Brussels on 14 May. Following the earlier decision to change the governance, the ECSDA General Meeting elected a new reduced Board and
On 31 January 2024, ECSDA submitted its response to the AMI-SeCo survey on remaining barriers to post-trade market integration, adding another milestone in the efforts to identify and address the remaining barriers to post-trade integration Read the full response.
On 31 January, ECSDA published its response to the targeted consultation on the Shareholder Rights Directives (SRDs), which is part of a study for the European Commission to assess the implementation and application of certain parts of the SRDs. The
FMIs, including CSDs, play a critical role in the financial system and the broader economy. While safe and efficient FMIs contribute to maintaining and promoting financial stability and economic growth, they also concentrate risk. If not properly managed, FMIs can
On 15 December 2023, ECSDA shared its views with ESMA on the shortening of the settlement cycle by responding to the call for evidence. Link to the full answer.
In a strategic move, during its General Meeting on Friday, 24 November 2023, ECSDA undertook significant changes to fortify its governance structure and bring its Articles of Association in line with the Belgian company code. Governance Restructuring for Enhanced Efficiency
We are delighted to announce that the recent general meeting, held on 24 November, marked the inclusion of a new member to the ECSDA family — Verðbréfamiðstöð Íslands hf. The ECSDA team is thrilled to welcome them aboard and looks
In November, one year and a half after the implementation of the Settlement Discipline Regime, the ECSDA Settlement Working Group is releasing this discussion paper to share its preliminary analysis about the main root causes of settlement fails in Europe,
On 18 September, The European Central Securities Depositories Association (ECSDA) welcomed the European Commission’s 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
On 11 September, five new CSDs successfully joined the TARGET2-Securities (T2S) platform: Central Depository AD (CDAD), Bulgaria - release SKDD, Croatia - release Euroclear Finland - release Euroclear Bank - release Bulgarian National Bank Government Securities Settlement System, Bulgaria -
Today, 31 July, ECSDA responds to the IOSCO Policy Recommendations for Crypto and Digital Asset Markets Consultation Report. ECSDA welcomes the overall direction chosen by IOSCO in its consultation while at the same time suggests a way forward that may
About ECSDA The European Central Securities Depositories Association (ECSDA) represents 39 national and international central securities depositories (CSDs) across 35 European countries. Central Securities Depositories are financial market infrastructures of crucial importance for EU and global financial stability. The association
On 4 July, from 10.00 to 11.30 CET, ECSDA held a webinar on ISO messages for financial transactions. Together with the broad stakeholder community of industry associations in Europe and globally, as well as other Financial Market Infrastructures, CSD participants,