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Ecsda general presentation

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Ecsda general presentation

  1. 1. August 2021 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 41 (I)CSDs: international & domestic securities depositories 9 associate members including 27 (I)CSDs established in EU countries Located in 36 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 41 (I)CSDs across Europe EU 27 CSDs 17 CSDs + 2 ICSDs EURO AREA 28 CSDs 9 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 Board of Directors Representatives from full members Public Policy WG Settlement WG Risk Managmenent WG Compliance WG Harmonisation WG Executive Committee 14 Executive members Secretariat General Meeting 41 Members (32 Full members & 9 Associate Members)
  10. 10. 10 Executive Committee Chair Mark Gem Clearstream Vice-Chair Guillaume Eliet Euroclear Vice-Chair Indars Aščuks Nasdaq CSD SE Treasurer Georg Zinner OeKB CSD Member Francisco Béjar Nuñez Iberclear Membr Helena Čacká CSD Prague Member Michael Carty Euroclear UK & Ireland Member Dora Matosić SKDD Member Loretta Milani MONTETITOLI Member Nikolaos Porfyris ATHEXCSD Member Boris T. Šnuderl KDD Member Florentin Soliva SIX SIS Member Andrea Tranquillini ID2S 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. Overview of activities ▪ Annual Factbook and online CSD database ▪ Central access point to individual CSD disclosures ▪ Studies on CSD services and functions Developing a CSD knowledge base: Promoting international cooperation ▪ Through the World forum of CSDs and ▪ by interacting with Global policy-makers
  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/Corporate Actions ▪ 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. 15 Overview of recent activities ✓ The EU CSD Regulation ✓ Legislation on investment funds, MiFID, securities law, Recovery and resolution, shareholder rights ✓ CPSS-IOSCO principles for financial market infrastructures Contributing to the debate on policy developments in post trade: Promoting international cooperation: ✓ Participation in global industry initiatives to facilitate financial integration ✓ ECSDA is a member of the World Forum of CSDs
  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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