This year, the European Central Securities Depositories Association (ECSDA) has decided to present highlights of the past year in a blog format instead of publishing a traditional “printable” report.
You can scroll down this page to find out more about ECSDA’s activities in 2014 from the first meetings of the association in January to the launch of a new extranet in December.
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After upgrading its public website on 1 September, ECSDA launched a new extranet in December. The new platform makes it easier for members to access CSD-relevant news and events. Enhancements include a mobile-friendly interface and topical filters for articles and calendar events.
On the occasion of the 40th anniversary of the Korean CSD KSD in Seoul, Mathias Papenfuss delivered a speech on recent trends in the CSD industry and their implications in his capacity as ECSDA Chairman
The last ECSDA Board of Directors and Extraordinary General Meeting (EGM) of the year took place in Brussels on 10 October. Brigitte Daurelle (Euroclear) was elected Vice-Chair of the association in replacement of Paolo Cittadini (Monte Titoli), and a new version of the Articles of association was adopted.
On 6 October, 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 countries, the transition was very smooth and occurred without negative effects on settlement efficiency. ECSDA issued a press release on 20 October confirming that no CSD had experienced a significant increase in the number of settlement fails as a result of the move.
Following its publication in the Official Journal on Thursday 28 August 2014, the CSD Regulation (CSDR) officially entered into force on 17 September 2014. Many provisions, however, will not be implemented until the necessary implementing and delegated acts are adopted.
The last Executive Committee of the year took place in Milan on 12 September, in parallel with the Eurofi conference held under the auspices of the Italian Presidency of the European Union.