ECSDA views and news

ECSDA views and news

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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ESMA updates the Questions and Answers on CSDR
On 27 September 2018, ESMA has updated his Q&As regarding the implementation of CSDR. It clarifies practical issues on the implementation of the new CSDR regime, giving more information about settlement discipline, book entry form requirements and organisational requirements.  
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EU Settlement Discipline Standards published
On 13 September 2018, the Final Regulatory Technical Standards (RTS) on Settlement Discipline have been published in the Official Journal of the European Union. The standards are mandated by the CSD Regulation and constitute part of a binding package providing
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More CSDs get authorised under CSDR
Updated 19 September 2018 We are truly happy to see that the list of European Central Securities Depositories Association (ECSDA) members that have been authorised under the new pan-European Union regulation is increasing. The CSDs that have received the authorisation to function under the
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ECSDA response to the EC on the use of digital tools and processes in company law
The recent proposal by the Commission for a Directive regarding the digital tools and processes in company law gives rise to the importance of taking into account the already existing identification for financial institutions. European CSDs call upon policymakers to
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ECSDA consults on the draft Settlement Fail Penalties Framework
  9 July 2018 Today, ECSDA makes available the draft version of its future ECSDA Settlement Fail Penalties Framework (the Framework). The document aims at creating a harmonised and coherent set of rules and considerations for creation and operation of
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ECSDA views on migration to ISO20022
European CSDs support a coherent use of the same standard globally. At this stage, we see that earlier standards are more in use for securities communication across the globe. However, we note that several pan-European infrastructure projects and regulatory initiatives
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European CSDs welcome a clear ECB guidance on FMI Cyber resilience
On 10 April 2018, the European Central Bank (ECB) launched a public consultation on the ECB’s draft report with proposed Cyber Resilience Oversight Expectations (CROE) for Financial Market Infrastructures (FMIs). The CROE includes the ECB’s expectations in terms of cyber
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ESMA updates the Questions and Answers on CSDR
  ESMA has updated the CSDR Q&A on investment policy clarifying what liquidation of collateral on the “same business day” means in the context of the CSD prudential requirements. See the complete updated ESMA CSDR Q&A following this link.
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The European Commission issues the RTS on Settlement Discipline
  The European Commission has just issued the Standards (RTS) on Settlement Discipline. The Legislators (Council and Parliament) have one to three months of a (non-) objection period, i.e. to express their objection to the draft. The period can be
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ECSDA response to the consultation on Shareholder Rights Standards
European Central Securities Depositories Association (ECSDA) represents 38 national and international Central Securities Depositories (CSDs) across 35 European countries. The association aims at promoting a constructive dialogue between the CSD community, European public authorities and other stakeholders looking to contribute
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ECB publishes TIBER-EU Framework
On 2 May, the European Central Bank has published the Threat Intelligence-based Ethical Red Teaming (TIBER-EU) Framework. It aims at providing a view on how to ensure controlled  tests against cyber-attacks for financial institutions of all sorts. The ECB says
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ESMA issues updated Q&A on the CSD Regulation
In brief, the new/modified Q&A says: Links shall be assessed in compliance with the CSDR by the time of the CSD application for authorisation under CSDR Communication standards requirement to use international standards is limited to : a) the machine-to-machine
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ECSDA is entering in the new 2018 with its new logo
ECSDA is meeting the new 2018 with its new logo. The logo speaks for itself about the nature of Central Securities Depositories, the resilient and stable financial market infrastructures. CSDs shape the future of financial markets by providing digital and
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ECSDA views on the Future of European Post-Trade
Recently, the European Commission has launched a consultation on the Future of European Post-Trade, based on the conclusions of the European Post Trade Forum (EPTF). European CSDs thank the European Commission for the constructive and effective discussions at the EPTF,
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CSD Factbook is now available
The 2017 edition of the Factbook offers an up-to-date overview of the CSD landscape in Europe. The Factbook describes the trends within the CSD industry and provides an overview of the evolution of individual ECSDA member-CSD services.
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The ECSDA Secretariat is recruiting
The ECSDA Secretariat is recruiting a Senior Policy Adviser and 2 Interns. For more information click here
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ECSDA releases the 2016 CSD online database
We are pleased to announce that the updated figures and information on the activity of ECSDA members is now available. Please find it under CSD facts page.  
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ECSDA responds to the European Commission’s consultation on FinTech
In its response, ECSDA expresses its support of technological innovation, including in the areas directly linked to CSD activities. ECSDA notes that due to the competing priorities of reducing costs, responding to margin pressure and the needs of a single
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ECSDA appoints Anna Kulik as new Secretary General
The European Central Securities Depositories Association (ECSDA) has appointed Anna Kulik as its Secretary General. Ms Kulik takes over the role with immediate effect, following Soraya Belghazi, and will be the new face of European CSDs.
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2016 Annual Report now available
20 Feb 2017 – The 2016 annual report of the association is available exclusively online and describes the key events that have marked the life of ECSDA in 2016. You can also obtain an overview of ECSDA members and governing
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