European Association of CCP Clearing Houses (EACH)

EACH did it again. Last week, we successfully hosted the 5th EACH Risk Management Summit in #Brussels! 🎉 The event gathered leading experts from the CCP sector and authorities to explore key topics like cybersecurity, T+1, AI, and the future of risk management. It was an inspiring platform for exchanging ideas that will shape the evolution of clearing and financial risk practices. A huge thank you to all who participated, both in person and online enriching the debate with their presence and thoughtful questions! 🙌 Special thanks to our keynote speakers, Froukelien Wendt and Nicolo Bertoncello, for their invaluable insights, and to Corentine Poilvet for an inspiring opening speech, Julien Jardelot and the entire LSEG POST TRADE SERVICES LIMITED team for their sponsorship and continued support. We’re excited to build on this momentum and make next year’s summit even better! 🚀 #RiskManagement #CCP #Clearing #Tplus1 #CyberSecurity #AI #EACH #Innovation #FinancialMarkets

We are pleased to share that the European T+1 Industry Task Force (EUT1-ITF) has today published a report outlining its preliminary analysis on the regulatory, technical, and operational changes required to facilitate a successful transition to T+1 in EU securities markets. EACH has actively contributed to the work of the ITF together alongside its other members, including by chairing the clearing sub-WG. And what next? We look forward to reading ESMA's report on T+1 later this year, and hope this report is useful in the discussions still to come across the EU, UK and CH. Read the report here: https://t.ly/8BOUI #T1

Outgoing Commissioner Mairead McGuinness about her legacy and what lies ahead. Competitiveness (or rather productivity as some increasingly say) by being smarter. In the clearing industry she, together with her team as well as the Council of the European Union and European Parliament will be remembered as the one that made it easier for the CCP #clearing industry to more easily provide more risk management opportunities to users of financial markets to better ensure market robustness. Quite some level of agreement by Jonás Fernández, Stefan Berger and Stéphanie Yon-Courtin to remove regulatory barriers and enable productivity growth. Stellar moderation by Kathryn Carlson and Gregorio Sorgi #PoliticoCompetitiveWeek #Brussels #Future

Only one day before @ AFME (Association for Financial Markets in Europe) Operations, Post-Trade, Technology & Innovation Conference #OPTIC2024 taking place in London on 02 – 03 October. Secure your place today by registering here:  https://bit.ly/3LUudha   Use promocode EACH15 and save 15% #technology #innovation #capitalmarkets #posttrade

We are pleased to partner with @ AFME (Association for Financial Markets in Europe) for the Operations, Post-Trade, Technology & Innovation Conference #OPTIC2024 taking place in London on 02 – 03 October. Secure your place today by registering here:  https://bit.ly/3LUudha    Use promocode EACH15 and save 15% #technology #innovation #capitalmarkets #posttrade

After a well deserved summer break, our Women in Clearing Series is now back with an exciting new series of interviews with women leaders in the clearing industry! This month we play at home and feature our own Elena Tonetto, Senior Policy Adviser at European Association of CCP Clearing Houses (EACH). We are grateful to Elena for accepting to share her thoughts with us! Click here to get inspired by Elena: https://lnkd.in/e_EmjaUt You may join the Women in Clearing Network here: https://lnkd.in/dbe3hXQm #womeninclearing #inspiringleaders

US, Canada, China, India, Mexico, Argentina, Jamaica and several other countries have all reduced the maximum time it takes to receive securities or funds after a trade is concluded. The EU is considering whether this makes sense. As discussed by EACH Secretary General Rafael Plata at the European Securities and Markets Authority (ESMA) hearing on T+1 this month, EACH has calculated that this move would:   * Reduce about EUR 1.5 to 2bn the margins required to cover clearing members’ positions in the EU; * Lead to: - About 1% of the total margin posted by clearing members at EU CCPs to cover their risk management; - A reduction in funding costs of about EUR 70 million.   EACH is actively contributing to the industry discussions on T+1 together with about 20 industry bodies through the cross-industry task force kindly chaired by AFME (Association for Financial Markets in Europe). We are chairing the industry clearing sub-group and participate as observers in the #UK Task Force on T+1. Watch the recording of ESMA's hearing here:; https://lnkd.in/dH5KYGrq   Next steps:   * Cross-industry task force to finalise its report on the move to T+1 in Q3 2024 * ESMA to publish their report on the move to T+1 in Q4 2024 or January 2025 * European Commission to decide in early 2025 whether and if yes which legislative change is needed to move to T+1 #T1Settlement #SettlementCycle #CMU #CapitalMarkets

This month, our inspiring leader comes from an Authority! July’s Women in Clearing Series hosts Froukelien Wendt, Independent Member of the CCP Supervisory Committee and Director for Central Counterparties (CCPs) at the European Securities and Markets Authority (ESMA). We are excited and grateful to Froukelien for accepting to share her thoughts with us! Click here to get inspired by Froukelien: https://lnkd.in/eMjjGex7 You may join the Women in Clearing Network here: https://lnkd.in/dbe3hXQm #womeninclearing #inspiringleader #clearing

📢 EACH Publishes Response to FSB Consultation on Liquidity Preparedness for Margin and Collateral Calls   EACH has released a high-level response to the FSB's consultation paper on Liquidity Preparedness for Margin and Collateral Calls. We are in full support of the FSB’s efforts to bolster the liquidity readiness of non-bank market participants. Ensuring these participants are well-prepared to manage liquidity demands during market stress is crucial. 📄 Read the full response here: https://lnkd.in/ewcy2fcC #EACH #FSB #LiquidityPreparedness #MarketParticipants #Clearing #FinancialStability

New month, new inspiring leader!   June's EACH Women Clearing Series features Perrine Herrenschmidt, Head of ISDA's Brussels Office.   We would like to thank her for sharing her thoughts about her professional and personal path!   Click here to get inspired by Perrine: https://lnkd.in/eyCmzDpv You may join the Women in Clearing Network here: https://lnkd.in/dbe3hXQm #womeninclearing #inspiration #clearing #leadership