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EU securities post-trading: priorities ahead

EU securities post-trading: priorities ahead

Day 2 Morning

Thursday 15 April

Track :

CMU 2.0

Speakers

Public Authoritiess
Holger
Head of Money Market & Liquidity Division - European Central Bank (ECB)
Hélder
Member of the Board of Directors - Banco de Portugal
Jochen
Director General, Payments and Settlement Systems - Deutsche Bundesbank
Industry Representativess
Alex
Executive Director, Industry Development, Securities Services - J.P. Morgan
Francisco
Deputy Chief Executive Officer - Iberclear (BME)
Guillaume
Head of Regulatory, Compliance and Public Affairs - Euroclear S.A.
Niels
Head of Group Regulatory Strategy, Government Relations & Political Affairs, Chief Regulatory Office - Deutsche Börse Group
Swen
Managing Director, Digital Product Development and Innovation - State Street Bank and Trust

Objectives

This session will first discuss the level of efficiency and integration that has been achieved in the EU securities post-trading space so far following the implementation of EU securities regulations and T2S, the progress that can be expected from the on-going reviews of EU securities policies (CSDR, SFD, FCD) and from Eurosystem initiatives and whether further measures are needed in the EU post-trading area to make it fit for supporting the CMU.

Secondly, the panel will assess the potential benefits and challenges that the use of DLT may bring in the securities infrastructure space, the current obstacles to the uptake of DLT for securities transactions and whether the DLT pilot regime proposed by the Commission provides an appropriate response for favouring the uptake of DLT technology in this area. 

Points of discussion

  1. What are the main improvements needed in the CSD regulatory and supervisory framework to support the CMU? What progress can be made with the on-going policy actions (CSDR, SFD, FCD reviews, CMU action plan) and Eurosystem initiatives? What further actions may be needed?
  2. Does the DLT pilot regime provide an appropriate response for supporting the uptake of DLT-based post-trading infrastructure solutions? What are the opportunities and challenges associated with this regime? Are more safeguards needed?