Category: Public

Guidelines on CSD participant defaults

Guidelines on CSD participant defaults

30 Jun 2016 – CSDs must have effective and transparent rules in place to manage a participant’s default. To ensure that this is the case, the EU Regulation on CSDs (CSDR) foresees the adoption by ESMA of supervisory guidelines on CSD participant default rules and procedures. Draft guidelines were issued by ESMA on 31 May.

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CSDs and securities financing

CSDs and securities financing

22 Apr 2016 – Future reporting requirements for securities financing transactions (SFTs) may involve the provision of information on CSDs as “places of settlement”. Commenting on the ESMA Discussion Paper issued on 11 March 2016, ECSDA outlines a couple of important considerations for ensuring that transaction reports are meaningful and consistent across SFT counterparties.

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Account segregation at CSDs

Account segregation at CSDs

13 Oct 2015 – Based on data collected from 41 CSDs across Europe, ECSDA’s new report describes existing account segregation practices with a view to inform the current debate on the optimal level of segregation, focusing on the perspective of central securities depositories.

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