ECSDA views and news

Today, on 30 June 2020, ECSDA submitted its feedback to the High-Level Forum on Capital Markets Union. It welcomes the reports, and particularly appreciates the recommendations on the CSD Regulation. Full text

On 11 June, ECSDA responded to the European Commission consultation on the review of the Non-Financial Reporting Directive. Please see the full response

On 8 June 2020, the European Central Securities Depositories Association (ECSDA) writes to request a postponement in the implementation of Settlement Discipline Regime (SDR), and Settlement penalties in particular, possibly by one year beyond the date of 1 February 2021.

On 23 April 2020, Euronext N.V. announced that they have entered an agreement to acquire 70% of the share capital in VP Securities. As a result of this transaction, VP will become a part of a leading, pan-European market infrastructure

On 17 April 2020, ECSDA updates the CSDR Settlement Fail Penalties Framework. It can be used by Central Securities Depositories (CSDs) and their participants as a market practice on how CSDs should develop harmonised settlement fail penalties mechanisms, under the

Thursday 14 April 2020 – The European Banking Federation (EBF), the Association for Financial Markets in Europe (AFME), the International Securities Lending Association (ISLA), the Association of Global Custodians (AGC), the European Central Securities Depositories Association (ECSDA), the Securities Market

On Monday, 16 March 2020, ECSDA responded to the European Commission on Digital Operational Resilience. ECSDA strongly supports the European Commission (EC) in pursuing the work on operational resilience and extending the resilience expectations to all relevant financial market stakeholders.

On Thursday 13 February, ECSDA has hosted on Clearstream and Deutsche Börse premises, an industry dialogue focused on the ECSDA CSDR Penalties Framework and on settlement discipline related issues. It was a fruitful discussion, involving participants from other industry associations

On 21 January 2020, BaFin granted Clearstream Banking AG, as German Central Securities Depository, the licence according to Article 16 Central Securities Depository Regulation (Regulation (EU) No 909/2014) - CSDR. The licence authorises the company to provide core services and

On 30 December 2019, Eurosystem has officially published the European standards for Securities and Collateral for Corporate actions, collateral management, triparty collateral and billing (for the purposes of the Eurosystem Collateral Management System). Although elaborate in the context of preparation