ECSDA views and news

ECSDA views and news

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
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Some thoughts on the future Eurosystem infrastructure
4 Apr 2016 – In a short response to the Eurosystem consultation on the future of real-time gross settlement (RTGS) services, ECSDA outlines three aspects worth considering from a CSD perspective.
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2015 Annual Report now available
29 Feb 2016 – The 2015 annual report of the association is available exclusively online and describes the key events that have marked the life of ECSDA in 2015.
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Cyber-resilience standards for CSDs
23 Feb 2016 – New global standards on cyber resilience will soon be adopted to complement the oversight Principles for financial market infrastructures (FMIs).
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Better regulation in post trade
29 Jan 2016 – Responding to a call for evidence on the EU regulatory framework for financial services, ECSDA has identified several areas where the quality of law-making can be improved in relation to post trade services and the activities
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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
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2014 CSD Factbook now available
24 Sep 2015 – This year’s edition of the Factbook offers an up-to-date overview of the CSD landscape in Europe.
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Buy-ins under the CSD Regulation
6 Aug 2015 – The CSD Regulation and its accompanying technical standards should not require CSDs to play an active role in the processing of buy-in instructions. In line with current practice, buy-ins should be executed at trading level whenever
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CSDs and “blockchain” technology
20 July 2015 – The growing popularity of virtual currencies such as bitcoins is having an impact on securities markets with the emergence of new forms of virtual currency-based investments. Transactions in these innovative products typically make use of “blockchain” technology, a
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Delayed adoption of CSDR standards
3 July 2015 – The “Level 2” standards under the CSD Regulation will be submitted to the European Commission in September 2015, instead of June. ECSDA believes that this delay can be beneficial and contribute to better regulation if it
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The post trade dimension of the Capital Markets Union
13 May 2015 – The CMU initiative of the European Commission is likely to affect all financial markets players, infrastructures included. ECSDA’s response to the Commission Green Paper includes four recommendations from a CSD perspective.
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CSDs need solid and proportionate capital requirements
27 Apr 2015 – Minimum capital requirements should reflect CSDs’ specific activities and their low risk profile compared to banks and CCPs. In its response to the European Banking Authority consultation, ECSDA makes several recommendations on how to achieve solid
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