ECSDA views and news

ECSDA views and news

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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2014 Annual Report now available online
24 Feb 2015 – This year, the ECSDA annual report is published in the form of an online blog highlighting the key events that have marked the life of the association in 2014. You can also obtain an overview of
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ECSDA responds to ESMA on settlement discipline
19 Feb 2015 – What will be the market impact of the CSDR rules on settlement discipline? The draft measures issued by ESMA for consultation in December 2014 in the context of the CSD Regulation (CSDR) would create a settlement
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A very smooth transition to T+2
20 Oct 2014 – On 6 October 2014, 29 European markets* moved from a T+3 to a T+2 settlement cycle, in a “big bang” migration unprecedented in terms of it scale. Thanks to coordinated efforts by market players in all
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