Responses
  Closing date : 21 Jun. 2004  
CESR/ESCB Draft Standards for Securities Clearing & Settlement Systems in the European Union

27 May. 2004 - The ESCB-CESR Working Group would like to thank all who replied to the public consultation on the consultative report entitled ‘Standards for securities clearing and settlement systems in the European Union’ and the note entitled ‘Scope of application of the ESCB-CESR standards’. The Working Group would like to continue the dialogue with market participants. The Working Group has discussed the outcome of the consultation of last year and, in most cases, found market comments very useful and agreed to adjust the proposals to them. However, the ESCB-CESR is facing a challenge with regard to the regulation of CSDs (Standard 6) and the management of credit exposures (Standard 9). On these points, unfortunately, the Working Group received conflicting comments from market participants. In this respect, the new version of the report reflects a compromise that takes into account both the public interest and the interest of the parties involved. The new version of the report also provides a glossary on which the views of market participants are particularly welcomed. Market participants are invited to provide comments and give their views on both the general regulatory approach being proposed by the ESCB and CESR and the specific details contained in the Report. Written Comments could be provided to the joint ESCB and CESR Secretariat: Elias Kazarian (ECB) at elias.kazarian@ecb.int and Wim Moeliker (CESR) via the CESR website under the heading "Consultations".

       
02 Jul. 2004Banking
Association of Danish Mortgage Banks
02 Jul. 2004Banking
Association of German Banks
02 Jul. 2004Banking
Banca Intesa
02 Jul. 2004Banking
Barclays
02 Jul. 2004Banking
BNP Paribas
02 Jul. 2004Banking
British Bankers Association
02 Jul. 2004Banking
Citigroup
02 Jul. 2004Banking
Deutsche Börse AG
02 Jul. 2004Banking
DNB NOR Bank
02 Jul. 2004Banking
European Savings Banks Group
02 Jul. 2004Banking
FBE
02 Jul. 2004Banking
FBF
02 Jul. 2004Banking
Federal Association of the German Cooperative Banks (BVR)
02 Jul. 2004Banking
Finnish Bankers' Association
02 Jul. 2004Banking
Hellenic Bank Association
02 Jul. 2004Banking
Italian Banking Association
02 Jul. 2004Banking
KAS Bank
02 Jul. 2004Banking
Nordea
02 Jul. 2004Banking
SEB Group
02 Jul. 2004Banking
State Street Bank
02 Jul. 2004Banking
Svenska Handelsbanken
02 Jul. 2004Banking
UBS
02 Jul. 2004Banking
Verband der Auslandsbanken in Deutschland
02 Jul. 2004Government regulatory & enforcement
Hessian Ministry of Economics, Transport and Regional Development
02 Jul. 2004Insurance, pension & asset management
Association of Global Custodians
02 Jul. 2004Investment services
AFG
02 Jul. 2004Investment services
AFTI
02 Jul. 2004Investment services
London Investment Banking Association
02 Jul. 2004Investment services
Omego
02 Jul. 2004Issuers
EACH
02 Jul. 2004Issuers
EALIC
02 Jul. 2004Others
European Financial Services Round Table
02 Jul. 2004Others
European Securities Forum
15 Jul. 2004Regulated markets, exchanges & trading systems
Borsa Italiana
02 Jul. 2004Regulated markets, exchanges & trading systems
ECSDA/CEECSDA
02 Jul. 2004Regulated markets, exchanges & trading systems
Euroclear
02 Jul. 2004Regulated markets, exchanges & trading systems
Iberclear
02 Jul. 2004Regulated markets, exchanges & trading systems
London Stock Exchange
02 Jul. 2004Regulated markets, exchanges & trading systems
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