ESMA assesses supervision of Central Securities Depositories

ESMA assesses supervision of Central Securities Depositories

Metadata

Provider: 

ESMA

URL: 

https://www.esma.europa.eu/press-news/esma-news/esma-assesses-supervision-central-securities-depositories

Retrieved on: 

Monday, February 20, 2023

Information

Tags: 

Chair, National, Union, National Securities Depository Limited, Freedom, ESMA, Rural sociology, Review, European Securities and Markets Authority, Financial Services and Markets Authority (Belgium), NBB, Exercise, CSSF, Cryptocurrency, Property management, Bank, Overalls

Geotags: 

LUXEMBOURG, BELGIUM, LATVIA

Summary

Key Points: 

• ESMA assesses supervision of Central Securities Depositories
  The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is today publishing its Peer Review Report on the national supervision of Central Securities Depositories (CSDs) providing cross-border services or participating in interoperable links.
• The peer review assessed six National Competent Authorities (NCAs) in respect of how they supervise CSDs, which make use of the freedom to provide services in another Member State.
• Verena Ross, Chair, said:
  “The publication of this peer review marks an important juncture regarding the supervision of CSDs that make use of the freedom to provide services in other Member States.”
  “The report sets out important recommendations for national authorities that aim at reinforcing their supervision of CSDs to ensure efficient securities settlement.
• Today’s peer review is the first of a series of peer reviews mandated by the Central Securities Depositories Regulation, according to which ESMA should conduct at least every three years a peer review on the supervision of CSDs which make use of the freedom to provide services in another Member State.

Copyright: 

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