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Post trading priorities for supporting the CMU

Day 2 Morning

Thursday 09 September

Room :

Plenary Room 1


Denis Beau
First Deputy Governor - Banque de France
Public Authorities
Barbara Lupi
Deputy Head Post Trading Division, Market and Payment Systems Oversight Directorate - Banca d'Italia
Dirk Schrade
Deputy Head Payments and Settlement Systems Department - Deutsche Bundesbank
Fiona Van Echelpoel
Deputy Director General, DG Market Infrastructure & Payments - European Central Bank (ECB)
Industry Representatives
Ilse Peeters
Head of Government Relations - Euroclear S.A.
Ben Pott
Head of Public Policy and Government Affairs - EMEA - BNY Mellon’s European Bank
Vincent Remay
Advisor to the Chairman - Tradition

The first objective of this session is to take stock of the progress that has been made in the EU post-trading area in terms of efficiency and integration following the implementation of EU securities regulations, T2S and related harmonisation work and of further improvements that can be expected from on-going Eurosystem initiatives. 

Secondly, the panel will discuss the main issues that remain to be addressed in the settlement space, what can be expected from on-going EU regulatory initiatives (CMU action plan, reviews of CSDR, SFD, FCD) and identify further improvements that may be needed for supporting the Capital Markets Union (CMU). 

Points of discussion

  1. How is post-trading evolving in the EU in terms of efficiency and cross-border integration? What further improvements can be expected from on-going Eurosystem initiatives and harmonisation work? What are the main pending issues and remaining barriers in the settlement space potentially hindering the further development and integration of EU capital markets? 
  2. Are the on-going EU policy initiatives (CMU action plan, reviews of CSDR, SFD and FCD) addressing the main issues needed for improving EU post-trading? What are the potential shortcomings of these initiatives? What further actions may be needed in the post-trading space for supporting the CMU?