Speakers
Public Authoritiess
Holger Neuhaus
Head of Market Innovation and Integration Division - European Central Bank (ECB)
Klaus Löber
Chair, Central Counterparties Supervisory Committee - European Securities and Markets Authority (ESMA)
Martin Merlin
Director, Financial Markets - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Industry Representativess
Bernard Frenay
CEO European Markets & ESG - Euroclear S.A.
Haroun Boucheta
Head of Public Affairs & Chief of Staff, Securities Services - BNP Paribas Securities Services
Samuel Riley
Chief Executive Officer, Clearstream Securities Services - Clearstream Banking AG
Vikesh Patel
Global Head of Clearing, President, Cboe Clear - Cboe Europe
Objectives
Objectives
This session will assess to what extent the post-trading measures proposed in the Market Integration and Supervision Package (MISP) proposal, notably to enhance connectivity between market infrastructures, can facilitate cross-border settlement and strengthen the integration of European post-trading. It will also examine whether the MISP measures are sufficient to address remaining barriers to integration, identify any additional policy actions needed to achieve a more fully integrated European post-trading environment and assess the role of tokenised assets in supporting this objective.
Points of discussion
- Connectivity in the post-trading space:
Can the measures proposed in the MISP to develop connectivity among market infrastructures significantly advance the integration of European post-trading? What additional benefits will be provided by the mandatory connection of EU CSDs to T2S? Are other measures or technical solutions needed? What are the factors of success of these measures and are there major challenges to address? - Remaining barriers to cross-border settlement:
What are the main remaining barriers to cross-border settlement? To what extent are the measures proposed in the MISP expected to address these barriers? What additional steps may be required to achieve a genuinely integrated European post-trading environment? What role for tokenised assets / tokenised collateral? Are there specific conditions or prerequisites to ensure that the advent of tokenised assets has a positive impact on post-trade integration?