ECSDA views and news

ECSDA views and news

As Europe's financial markets prepare for the transition to T+1 settlement by October 2027, ECSDA is publishing the first version of its CSD Implementation Overview Dashboard — a living document that will be updated regularly as preparations advance. This Dashboard
The EU T+1 Industry Committee has published the Gating Event FAQs and Best Practice document, marking an important step in the industry's preparation for T+1 settlement by October 2027. This document provides practical guidance on the implementation of the Gating
At the meeting of the ECSDA Senior Industry Council hosted by Euroclear France in Paris, the ECSDA Board officially welcomed DTCC, GLEIF, TMX CDS – The Canadian Depository for Securities Limited, and Vermiculus as new ECSDA Affiliates. Their arrival further
ECSDA welcomes the review of the Shareholder Rights Directive (SRD) as an opportunity to further enhance transparency, operational efficiency, and cross-border harmonisation in the exercise of shareholder rights across the EU. While SRD II has improved shareholder identification, information flows,
ECSDA recognises the importance of ensuring that the Settlement Finality framework remains both technologically advanced and neutral across traditional infrastructures, DLT, and other emerging technologies. It also supports targeted harmonisation where necessary to enhance consistency and strengthen legal certainty. The
Europe’s ambition to build an integrated post-trade environment makes the migration to ISO 20022 far more than a technical upgrade. It represents a structural shift in how information flows across financial markets. In December 2025, the Advisory Group on Market
ECSDA’s feedback to the European Commission’s consultation on the Savings and Investments Union: Regulation fostering EU market integration and efficient supervision ECSDA welcomes the intention of the European Commission to further develop the capital markets’ integration and supervision within the
ECSDA welcomes CPMI-IOSCO’s aim to clarify expectations under PFMI Principle 15 and improve consistency in how FMIs address General Business Risk (GBR). We support guidance that supplements rather than reopens the PFMI and that remains outcomes-based, proportionate, and technology-neutral. In
ECSDA welcomes the CSD of the National Bank of Romania as a new full member of the Association. We welcome and extend our congratulations to the National Bank of Romania. ECSDA looks forward to supporting our new and present members
The ECSDA Board of Directors unanimously elected Edwin De Pauw, Euroclear Bank, as Vice-Chair of the Association. ECSDA congratulates him on this appointment and looks forward to continued close cooperation within the Board. The Board of Directors is now composed
ECSDA welcomes today’s announcement by the European Commission on the regulatory package for integration of the EU capital markets in line with the previously announced Savings and Investments Union (SIU) strategy. The package represents a decisive step forward for Europe.
Today, 20 October, ECSDA releases the 2025 CSD Links reports. CSD links continue to represent the most secure and market-driven enabler of cross-border post-trade access — ensuring the highest standards of asset protection and full legal certainty for securities ownership
Today, 17 July, ECSDA shared its latest publication: “CSDs as Innovation Pillars.” In an era of rapid technological change and evolving regulation, the paper explores how Central Securities Depositories (CSDs) are innovating while remaining trusted anchors of stability in the
EU T+1 Industry Committee launches roadmap and opens consultation period for capital markets transformation Brussels, 3 July 2025 – The EU T+1 Industry Committee held a landmark summit today, marking a significant milestone in improving the competitiveness and efficiency of
Launch event The EU T+1 Industry Committee will host a launch event for market participants to discuss the recommendations on 3 July 2025. Due to Webex technical limitations, the online participation has reached its maximum capacity of 1,000 attendees. Registrations
On 10 June, the European Central Securities Depositories Association (ECSDA) welcomed the opportunity to respond to the European Commission Targeted Consultation on integration of EU Capital Markets. CSDs are regulated market infrastructures enabling issuance, settlement and servicing of securities in
On 6 June 2025, The European Central Securities Depositories Association (ECSDA) welcomes the opportunity to respond to the Call for evidence for an impact assessment Savings and Investments Union fostering integration, scale and efficient supervision in the single market, in
We are pleased to see that the strategy places "Fostering Citizens’ Wealth and Economic Competitiveness in the EU" at its core. We welcome the confirmed liquidity and grow centric approach and the recognition that only an effective, deep, and liquid
Today, 10 March, ECSDA has submitted its response to the European Commission’s Call for Evidence on the SIU, reinforcing our commitment to fostering deeper capital markets integration and enhancing EU competitiveness. In our response, we welcome the recent policy initiatives
Exciting Opportunity: Become an ECSDA Affiliate! The role of CSDs has never been more central to the advancement of Europe’s policy decisions for CMU, SIU and T+1. For CSDs, this is both an exciting and challenging era. You may also
ECSDA celebrates the good start of the T+1 Committee and is pleased to present the ECSDA Members appointed to co-lead the T+1 Technical Workstreams. Gareth Jones, Euroclear Group – Operational Timetable Kathy Waldie, Clearstream – Settlement Alessio Mottola, Euronext Securities