The Future of European Post-Trade Settlement Services
During this seminar we will explore the functioning of key legal aspects of the EU’s post trade securities market regime. Post-trade is continuously and rightly being mentioned as one of the main priorities for creating truly integrated capital markets in Europe. Nonetheless, progress on European initiatives in this area is notoriously slow.
Recognising these challenges, the European Commission will imminently be launching public consultations on the functioning of the Settlement Finality Directive and the Financial Conglomerates Directive. Both pieces of legislation have been critical to EU market integration but have now been in force since the early 2000s. We are also expecting an important public consultation on the CSDR governing the authorisation regime and oversight of central securities depositories.
Among the questions the panel will be discussing are: whether the existing legal regimes are still appropriate for new technologies; how the legislation interacts with current insolvency regimes and the BRRD; how the netting provisions in the Collateral Directive are working in practice; as well as the impact of the rules on settlement discipline under the CSDR.
- Webinar link: https://zoom.us/j/91025482884
Date
- Expired!
Time
Organiser
Nickolas Reinhardt
Phone
+32475330039Director
Other Organizers
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Matteo Riceputi
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Email
Matteo.Riceputi@aforeconsulting.eu
Speakers
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Godfried de VidtsSenior Advisor, ICMA European Repo & Collateral CouncilGodfried de Vidts has over 40 year of experience in banking with a very wide network with sell & buy-side professional financiers as well as the wider regulatory and central bank community.
In 1999 he was elected as chairman of the pre-euro ISMA CRD repo working group. He developed the product into the current ICMA European Repo and Collateral Council of which he is Senior Advisor. -
Ilse PeetersHead of Government Relations and Public Affairs, EuroclearIlse Peeters, Director, is the Head of Government Relations and Public Affairs at Euroclear SA/NV. Government Relations was part of the Euroclear Corporate Strategy Division until 2017.
Ms Peeters works closely with key EU public policy stakeholders on relevant industry issues, while ensuring the effective external communication of Euroclear’s strategy. Over the last ten years, she has been involved in the main regulatory initiatives that have shaped the post-trade industry. Her recent focus is on technological innovations such as Distributed Ledger Technology (DLT) and ICOs and their regulatory and legal challenges.
Ms. Peeters joined Euroclear in 1988. She holds a Masters’ degree in Commercial and Financial Sciences from the Economische Hogeschool Sint-Aloysius (EHSAL) in Brussels. -
James CunninghamManaging Director and Senior Advisor, Public Policy, BNY MellonJames Cunningham is a Senior Advisor within BNY Mellon’s Public Policy department. His main area of focus is regulatory initiatives relating to market infrastructure, post-trade and collateral management. He also covers broader topics such as Capital Markets Union, and sustainable finance, and technology developments. He is a member of several regulatory- and market infrastructure-contact groups, including the European Central Bank’s Advisory Group on Market Infrastructures for Securities and Collateral (AMI-SeCo), and he currently co-chairs the AMI-SeCo Corporate Events Group. He is active in industry association working groups, and currently chairs AFME’s CMU Steering Group; he is a member of the AFME Post-Trade Board, and of the European Banking Federation’s Post Trade Working Group. He has worked in financial services since 1991 in a variety of different positions.
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Klaus LöberHead of the Oversight Division of the European Central BankKlaus Löber is Head of the Oversight Division of the European Central Bank. His areas of responsibility encompass the oversight of financial market infrastructures, payments instruments and schemes including their safety and efficiency, risk management and cyber resilience as well as related EU and global regulatory activities. Prior to this, Mr Löber was Head of the Secretariat of the Committee on Payments and Market Infrastructures, the global standard setting body in the area of payments, clearing and settlement. Earlier positions include the European Commission, Deutsche Bundesbank and private practice.
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Patrick PearsonHead of Unit, Financial Markets Infrastructure, DG FISMAPatrick Pearson is Head of Unit of Financial Markets Infrastructure in the European Commission’s Financial Stability, Financial Services and Capital Markets Union Directorate General. He previously headed the Resolution and Crisis management teams and was responsible for the Financial Services Action Plan.
Before joining the European Commission in 1987, Patrick Pearson worked for the legal service and the foreign financial market affairs divisions in Dutch Finance Ministry in The Hague.
He has a law degree from Leiden University in the Netherlands.