Category: Public

ECSDA responded to the SFD consultation

ECSDA responded to the SFD consultation

Today, 7 May 2021, ECSDA responded to the European Commission consultation on the review of the Settlement Finality Directive.

The full document can be found here.

Euronext completed the acquisition of the Borsa Italiana Group

Euronext completed the acquisition of the Borsa Italiana Group

Today, 29 April 2021, Euronext announces that it completed the acquisition of the Borsa Italiana Group.

This acquisition is transformational for Euronext and Borsa Italiana, making the combined group the leading pan-European market infrastructure.

Euronext is becoming a leader in post-trade activities, with a large clearing house, CC&G, and one of the largest CSD networks in Europe.

The Euronext CSDs – Euronext VPS, Interbolsa, Monte Titoli, and VP Securities – jointly reach close to €6 trillion of assets under custody.

This reflects Euronext’s long-term commitment to serving clients in the post-trade area.
Our priorities are clear:
– deliver stable and efficient core infrastructure services (issuance custody, settlement) to European economy;
– leverage our scale and experience in multiple markets to better support the funding of issuers in Europe, across all asset classes;
– promote standardisation and convergence of market practices;
– scale added-value services to help our customers tackle key pain points.

For Monte Titoli, becoming part of Euronext means concretely that we will be able to intensify our customer-centric approach – by strengthening our services, products and technology through sharing of expertise, know-how and capabilities with other Euronext CSDs.

From 30 April, CC&G and Monte Titoli online information is moving to the euronext.com website.

Please see the full release

ECSDA Updates its By-laws

ECSDA Updates its By-laws

The meeting of the ECSDA Board of Directors that took place on 19 March 2020 approved the below amendments in the ECSDA By-laws:

– The reference to the Belgian Company Code in the Introduction
– Article 7: Procedure for the election of members of the Executive Committee
– Enclosure 2 – Membership fee calculation

ECSDA By-laws – 19/03/2021