ECSDA views and news

ECSDA raises concerns on EDDI & suggests a solution to increase depth of issuance in EU

On 9 July 2019, ECSDA responded to the ECB public consultation on EDDI (European Distribution for Debt Instruments) initiative. ECSDA welcomes the ECB market consultation on its possible European Distribution of Debt Instruments (EDDI) initiative. ECSDA is committed to further

ECSDA updates the draft CSDR Settlement Discipline Penalties Framework

On 3 July 2019, ECSDA published the updated version of the draft ECSDA CSDR Settlement Discipline Penalties Framework. The updated version of document can be found here. The main chapters in the ECSDA Draft CSDR Settlement Discipline Penalties Framework include:

Mathias Papenfuß, Brigitte Daurelle and Indars Aščuks re-elected ECSDA Chair and Vice-chairs

ECSDA Board re-elected Mathias Papenfuß (Clearstream) as Chairman, Brigitte Daurelle (Euroclear ESES CSDs) and Indars Aščuks (Nasdaq CSD) as Vice-Chairs and Georg Zinner (OeKB CSD) as Treasurer.

Euroclear ESES CSDs are granted a CSD licence under CSDR

Euroclear Belgium, Euroclear France, and Euroclear Nederland (the ‘ESES CSDs’) have been authorised by their national autorities under European regulation n° 909/2014 on central securities depositories, placing their entity under the European regulatory framework. Please see the full release The list

Forward-looking thinking of European CSDs at the WFC Innovation and diversification panel in Marrakech

The WFC 2019 in April has shown us a beautiful range of European CSDs speakers. We would like to bring to your attention the materials used for presentation by some of them during the Innovation panel. The panel was moderated

ECSDA welcomes AIX CSD as associate member

ECSDA (European Central Securities Depositories Association) is pleased to welcome AIX CSD (Astana International Exchange Central Securities Depository), as its new associate member. AIX CSD is based in the Astana International Financial Centre (AIFC) – expected to become a leading

ECSDA feedback on the CMH-TF standards

The European Central Securities Depositories association (ECSDA) appreciates to possibility to contribute to further improvement of the AMI-SeCo on the Collateral Management Harmonisation Task Force (CMH-TF) draft standards. ECSDA welcomes and supports the harmonisation efforts undertaken by the CMH-TF and

ESMA to recognise the UK CSD in case of no-deal Brexit

ESMA announced the 1th of March 2019 that, in a case of a no-deal Brexit scenario, the CSDs established in the UK, Euroclear UK and Ireland Limited, will be recognised as a third country CSDs to provide their services in the

ECSDA answers ESMA on settlement fails reporting

The European Central Securities Depository Association (ECSDA) welcomes the issuance of this Consultation Paper on the guidelines of Fails reporting under Article 7(1). As we share the need of addressing some discrepancies and pitfalls in the fails reporting, we thank

ECSDA meets stakeholders on CSDR Penalties Framework

On Monday 18 February ECSDA had a dialogue with stakeholders on the ECSDA CSDR Penalties Framework updated version that was published on 29 January. The workshop gave the opportunity to various industry associations to provide valuable input and questions that

ESMA – Bank of England MOU on no-deal Brexit for CSDs & CCPs

On 4 February 2019, the European Securities and Markets Authority (ESMA) has agreed Memoranda of Understanding (MoUs) with the Bank of England (BoE) for the recognition of central counterparties and of the central securities depository established in the United Kingdom

CDCP, Slovak CSD is granted CSDR licence

The National Bank of Slovakia granted Centrálny depozitár cenných papierov SR, a.s. (CDCP) the authorisation for operation in compliance with valid European legal regulation effective from 28 January 2019. Granted authorisation directly relates to new European legal regulation harmonising requirements

Updated ECSDA CSDR Penalties Framework

On 29 January, ECSDA published the updated version of the ECSDA CSDR Penalties Framework. This version of the ECSDA Framework is based on the comments received during the public consultation in the summer 2018, further deep reflection among CSD experts and

Season’s Greetings and best wishes from ECSDA

Thank you for sharing great moments with us in 2018! The European Central Securities Depositories Association wishes you and your families a merry holiday period and a wonderful 2019! Looking forward to restarting to work with you back again

ESMA consults on settlement guidelines

On 20 December, ESMA has published two Consultation Papers dedicated to CSDR (Regulation (EU) 909/2014) Settlement Discipline requirements: on Guidelines on settlement fails reporting, and on Guidelines on standardised procedures and messaging protocols. The consultations are open until 20 February

CSD Prague is granted CSDR licence

On 20 December, the Central Securities Depository Prague received the licence required by the new European CSD Regulation (CSDR), thus becoming yet another European depository in possession of the pan-European CSD licence. The Central Securities Depository Prague has received the

Brexit: ESMA ready to recognise UK CSD

European Commission has published today a communication, allowing ESMA to recognise, on the temporary and conditional basis, the UK CSD in case of Brexit no deal. ESMA expressed its support to this decision. In more detail: ECSDA appreciated the publication

ECB publishes FMI cyber resilience expectations

On 3 december 2018, The ECB published the Cyber Resilience Oversight Expectations (CROE) for Financial Market Infrastructures (FMIs) following the public consultation launched from April to June 2018. The CROE aims at providing FMIs with detailed steps on how to

ECSDA welcomes ID2S as a new member

ECSDA is pleased to welcome ID2S as a new member having joined the association. On Tuesday 27 November, the ECSDA Extraordinary General Meeting has approved ID2S as a new member. ID2S Chief Executive Officer, Andrea Tranquillini, becomes ECSDA new Board

ESMA updates the Questions and Answers on CSDR

On 12 November 2018, ESMA has updated his Questions and Answers (Q&As) with regard to the implementation of the Central Securities Depository Regulation (CSDR). The new entries cover the CSD passporting and Settlement Discipline cash penalties. See the complete updated

Settlement in DKK is now possible on T2S

On 27 October, Danmarks Nationalbank has connected its real-time gross settlement and collateral management system to the ECB T2S platform. The same week-end, VP Securities, the Danish Central Securities Depository and ECSDA member, has facilitated the first settlement in Danish Krone.

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