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ECSDA general presentation

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This presentation provides an overview of the mission and activities of ECSDA.

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ECSDA general presentation

  1. 1. June 2018 Representing the CSDindustryacrossEurope
  2. 2. 2 Agenda 1. Who are ECSDA’s members? 2. Objectives of the association 3. Governing bodies 4. ECSDA Secretariat 5. Overview of recent activities
  3. 3. 3 Agenda Who are ECSDA’s members? 2. Objectives of the association 3.Governing bodies 4. ECSDA Secretariat 5. Overview of recent activities
  4. 4. 32 full members 38 (I)CSDs: international & domestic securities depositories 6 associate members including 27 (I)CSDs established in EU countries Located in 35 European countries 4 Who are ECSDA’s members? All active in issuance, settlement and custody Issuance New securities are created Trading Investors buy or sell securities Custody Safekeeping Asset servicing Settlement Securities delivery, final transfer of ownership Clearing Calculating obligations
  5. 5. Country coverage EUROPE EEA 38 (I)CSDs across Europe EU 27 CSDs 16 CSDs + 2 ICSDs EURO AREA 29 CSDs 5 other European CSDs 4 CSDs in EU candidate countries
  6. 6. 6 Agenda 1. Who are ECSDA’s members? Objectives of the association 3. Governing bodies 4. ECSDA Secretariat 5. Overview of recent activities
  7. 7. 7 Objectives of the association ECSDA: We stand for an efficient and risk averse post-trade infrastructure Non-profit association whose main objective is to support cooperation between European CSDs. 4. Formulating and representing the common interests of European CSDs, especially thanks to a coordinated approach towards regulators. 1. Developing expertise on the CSD business: studying technical, economic and regulatory issues affecting CSDs and discussing possible solutions; 2. Facilitating the exchange of best practices between CSDs; 3. Promoting the unique role of CSDs in financial markets, both from an efficiency and financial stability perspective; This cooperation takes various forms including:
  8. 8. 8 Agenda 1. Who are ECSDA’s members? 2. Objectives of the association Governing bodies 4. ECSDA Secretariat 5. Overview of recent activities
  9. 9. 9 Governance overview General Meeting 38 members Secretariat Board of Directors Executive Committee Public Policy WG Compliance WG Harmonisation/CA WGRisk Management WG Settlement WG
  10. 10. 10 Executive Committee Chair Mathias Papenfuß COO, Clearstream Vice-Chair Brigitte Daurelle CEO, ESES, Euroclear Vice-Chair Indars Aščuks CEO, Nasdaq CSD SE Treasurer Georg Zinner Co-CEO, OeKB CSD Member Ignacio Álvarez Head of Product, Iberclear Member Mauro Dognini CEO, Monte Titoli Member Dora Matosić Président, SKDD Member Niels Olsen CEO, VP Securities Member Nikolaos Porfyris Deputy COO, ATHEXCSD Member Boris T. Šnuderl CEO, KDD Members
  11. 11. 11 Agenda 1. Who are ECSDA’s members? 2. Objectives of the association 3. Governing bodies ECSDA Secretariat 5. Overview of recent activities
  12. 12. 12 ECSDA Secretariat Permanent office in Brussels established in 2010 ✓ represents CSD industry towards European and Global stakeholders ✓ organises the work of the working groups and one- off CSD events ✓ monitors European and Global developments with an impact on CSDs ✓ conducts studies on the CSD industry ✓ collaborates with other CSDs globally on joint initiatives The Secretariat
  13. 13. 13 Agenda 1. Who are ECSDA’s members? 2. Objectives of the association 3. Governing bodies 4. ECSDA Secretariat Overview of recent activities
  14. 14. 14 ECSDA Working Groups Settlement ▪ Monitoring of the EU and global regulation ▪ Key current files: ✓ Cyber resilience and FinTech ✓ Future of Post-trade & CSDR review ✓ Review of AIFMD/UCITS Policy ▪ ECSDA Settlement discipline penalties framework ▪ Measures to improve settlement efficiency ▪ Technological evolution Compliance Harmonisation/CorpActions ▪ Corporate actions processes harmonisation ▪ Communication standards and messaging Risk Management ▪ Enterprise Risk Management framework ▪ CSD risk appetite and key risk indicators ▪ Recovery plan and transfer of clients’ assets ▪ Operationalisation of a CSD participant bail-in ▪ CSDR: specific deliverable - Single DDQ for links ▪ AML ▪ Sanctions ▪ GDPR
  15. 15. ✓ ECSDA New CSD Technology Day ✓ Exchanging with other CSD associations globally ✓ WFC conference ✓ Management of the Global CSD Single disclosure tool ✓ Annual Factbook and online CSD database ✓ Studies on CSD services and functions CSD KNOWLEDGE BASE AND WFC COOPERATION
  16. 16. ECSDA aisbl Rue Royale 75 1000 Brussels BELGIUM Ph. +32 2 230 99 01 info@ecsda.eu http//ecsda.eu

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