ECSDA views and news

ECSDA views and news

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,
European Council and Parliament reach an agreement on the Central Security Depository Regulation REFIT Procedure! This concludes a long process that aims to reduce compliance costs and regulatory burdens for CSDs, simplifying the passport regime and also enhancing cooperation among
The European Central Securities Depositories Association (ECSDA) welcomes the European Commission Proposal for a new EU system for the avoidance of double taxation and prevention of tax abuse in the field of withholding tax. The proposal aims to simplify procedures
Today, 26 May 2023, ECSDA publishes its considerations on ISO messages for financial transactions and recommendations on their use. The basis for CSD engagement with local communities and relevant stakeholders and further preparations. The messages for General meetings should be
Today, 28 April 2023 ECSDA issued the update of the ECSDA CSDR Settlement fails Penalties Framework. The change takes into account the postponement of the collection of payment by CSD participants giving them an additional day to collect the payment
On 10 January, the European Central Securities Depository Association (ECSDA) and International Securities Services Association (ISSA) launched a joint survey on ISO 20022. The two Associations ask to respond to a short survey on the present and future adoption of
Congratulations to Grupa KDPW, the CSD group of Poland, and the National Depository of Ukraine, for establishing a direct link! The link will allow Ukrainian municipal bonds issued by the regional governments to be available to foreign investors through KDPW.
The European Central Securities Depositories Association (ECSDA) issues the 2023 calendar, which can be found below. In the calendar, you will find highlighted the key dates of the penalties life cycle as follows: End of appeal period – 10th PBD