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ECSDA

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About ECSDA

42 depositories, 37 countries, one forum.

ECSDA represents 42 national and international central securities depositories (CSDs) across 37 European countries.

A wide view of a full conference auditorium, delegates seated facing a brightly lit stage where a speaker is presenting.
Member CSDs
42 Member CSDs National and international
European countries
37 European countries
Working streams
5 Working streams Plus three task forces
Formed
1997 Formed In Madrid

What ECSDA is

The association provides a forum for European CSDs to exchange views and take forward projects of mutual interest.

It aims to promote a constructive dialogue between the CSD community, European public authorities, and other stakeholders aiming at contributing to an efficient and risk-averse infrastructure for European financial markets.

Mission and objectives

Four things the association exists to do.

Quoted from ECSDA’s published mission and objectives.

  1. 01

    Study and advise

    To study technical, economic, financial, and regulatory issues affecting European central securities depositories, to offer solutions and provide advice on these topics.

  2. 02

    Facilitate cooperation

    Facilitate cooperation between central securities depositories at the European and international level, including by providing a forum for the exchange of information.

  3. 03

    Promote the CSD role

    Promote the unique role of central securities depositories in financial markets, and especially their contribution to reducing risks and increasing efficiency in relation to cross-border securities processing.

  4. 04

    Represent and defend

    Represent and defend the common interests of European central securities depositories, especially by supporting a coordinated approach towards relevant European and international regulatory and decision-making bodies.

Cooperation

Who the association works with.

Quoted from ECSDA’s published account of its cooperation.

  1. 01

    Relations with the EU institutions

    ECSDA is a recognised partner for the European Union institutions. The association participates in various official fora dealing with clearing and settlement issues. ECSDA representatives also regularly discuss issues of common interest to depositories with the European Commission, Council and Parliament, as well as with the European Securities Markets Authority (ESMA), the European Central Bank (ECB) and national regulators.

  2. 02

    International cooperation

    As a European association, ECSDA also supports initiatives aimed at global convergence in post-trade. For instance, ECSDA regularly exchanges information with other regional CSD associations composing the World Forum of CSDs (WFC).

Governance

Run by its members, through three bodies.

Conference delegates seated in rows during a session, two in the foreground leaning together in conversation.

14 directors

Board of Directors

The Board comprises 14 members, reflecting the diversity of the Association in terms of gender, geography and size of the CSD members.

Four panellists seated in armchairs on a conference stage, one speaking into a handheld microphone.

Strategic advice

Senior CSD Industry Council

A broader advisory body that advises the Board on the Association’s strategic positioning.

Delegates talking in small groups in a bright conference foyer during a break, holding coffee cups.

Four staff, Brussels

Secretariat

Led by the Secretary General, the Brussels team supports the Board and the Senior Council and runs the Association’s day-to-day work.

Where the work happens

Five working streams and three task forces.

Each is chaired by experts from the member CSDs themselves, not by the Secretariat.

Working streams

  • Risk Management

    Olivier Dekeme · Clearstream

  • Policy

    Chiara Rossetti · Euronext Securities

    Mireille Galeazzi · Euroclear

  • Compliance

    Jan Kobbach · Clearstream

  • Settlement

    Jesús Sánchez · Iberclear, BME (SIX)

  • Harmonisation

    Thomas Metier · Euronext Securities

Task forces

  • ISO Messaging

    Jean-Paul Lambotte · Euroclear

  • T+1

    Paolo Carabelli

    Céline Duquaine

  • Digital Assets

    Jens Hachmeister

    Luc Vantomme

    Jacob Aagerup

The Secretariat

Our Team.

  • Anna Kulik

    Secretary General

  • Enrica Cremonini

    Senior Public Affairs & Legal Officer

  • Grégory Steinkuhler

    Senior Policy & Economic Adviser

  • Irina Bussoli

    Executive Assistant

Registered office

ECSDA aisbl 1 Rue du Congrès 1000 Brussels Belgium

International non-profit association under Belgian law

info@ecsda.eu +32 2 230 99 01

The powers and responsibilities of the governing bodies are set out in ECSDA’s articles of association and by-laws.

History

Formed in Madrid in 1997.

Three delegates in conversation on a conference panel, one speaking into a microphone.

  1. 1997

    Formed in Madrid

    European securities depositories set up ECSDA as a forum of their own.

  2. Early years

    Eurolinks and the first standards

    The Association concentrated on technical standards for cross-border settlement, introducing the Eurolinks network and developing protocols for securities transactions.

  3. 2005

    Merger agreed at SIBOS

    A decision at the SIBOS conference in September 2005 set the merger of ECSDA and CEECSDA in motion.

  4. 2006

    One association

    ECSDA and CEECSDA merged into a new ECSDA in January 2006, broadening its scope to clearing and settlement across the whole of Europe.

Resources

Explore ECSDA further.

About ECSDA ECSDA brochure (PDF). Open document (opens in a new tab)

Questions about ECSDA, or about joining?

Contact the Secretariat See the 42 members