ICMA Webinar: CSD Regulation Mandatory Buy-ins

CSD Regulation primarily focuses on the prudential, organizational, and business standards of EU and EEA central securities depositories (CSDs). However, the Settlement Discipline provisions of the regulation have direct and far-reaching trading implications, in particular the framework for mandatory buy-ins. The design of the CSDR buy-in framework is very different to conventional buy-in processes and presents a number of risks and new considerations for market participants, particularly when they sell or lend securities.

This webinar will present an overview of the CSDR mandatory buy-in provisions and contrast these with more conventional processes. It will also explore the likely implications for market risk and potential adverse behavioural incentives for European bond and repo market participants.

Topics covered by Andy Hill, Senior Director, Market Practice and Regulatory Policy, ICMA will include:
- CSDR Settlement Discipline & mandatory buy-ins
- Conventional buy-ins vs CSDR mandatory buy-ins
- The CSDR mandatory buy-in asymmetry
- Potential risks and adverse behavioural impacts of CSDR
mandatory buy-ins
- Challenges of applying CSDR mandatory buy-ins to SFTs
- What ICMA is doing with respect to CSDR-SD

#CSDregulationmandatorybuyins#

[brettchappell]

Andy is in top form as usual. Perhaps it would make sense to offer the audio portion in podcast format. Many market professionals may not have the time to sit and hear Youtube for 54 minutes, and in many cases the Thought Police have blocked YouTube access from many institutions.