ECSDA views and news

ECSDA views and news

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
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
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
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
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,
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. Brief overview of
The ECSDA Secretariat is recruiting a Senior Policy Adviser and 2 Interns. For more information click here
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.  
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
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. Ms Kulik has extensive
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
17 Feb 2017 - When a CSD participant enters into resolution, the challenge for the CSD and for financial regulators is to strike the right balance between, on the one hand, the need to preserve the safety and soundness of
30 Nov 2016 – On 30 September, the European Securities Markets Authority (ESMA) issued draft technical standards under EU Regulation 2015/2365 on the securities financing transactions (SFTR) for public consultation. Commenting on the standards, ECSDA made two recommendations from a CSD
30 Sept 2016 - Since late 2015, there has been some uncertainty as regards the treatment of CSDs under asset management legislation (AIFMD and UCITS) due to guidance issued by ESMA alluding to "custody" services of CSDs. The call for
2 Sept 2016 - In its response to the ESMA Discussion Paper on distributed ledger technology (DLT) in securities markets, ECSDA stresses the importance of sound governance and oversight. European CSDs support the efforts of securities regulators to pro-actively monitor
29 Aug 2016 - This year’s edition of the Factbook offers an up-to-date overview of the CSD landscape in Europe. A steady increase in the value of securities held on CSD accounts since 2011 From 2014 to 2015, the total
29 Jul 2016 - How interconnected are CSDs? The latest ECSDA overview of CSD links reveals some interesting facts and figures on existing linkages between European CSDs. What we call a "CSD link" is an arrangement allowing a central securities
19 Jul 2016 - The registration of securities holders refers to the process of recording ownership or legal holding in securities in an official list called the register. This list facilitates the identification of securities holders by issuers and regulators.
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
23 May 2016 - Gathering at KDPW’s headquarters in Warsaw for their Ordinary General Meeting on Friday 20 May 2016, ECSDA members re-elected Mathias Papenfuß of Clearstream as Chairman of the association. Representatives of 41 CSDs elected the Board of
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