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European Post Trade Forum Report

The ETPF Barriers

Créé le

02.11.2017

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Mis à jour le

17.11.2017

  • Fragmented corporate actions and general meeting processes.
  • Lack of convergence and harmonisation in information messaging standards.
  • Lack of harmonisation and standardisation of ETF processes.
  • Inconsistent application of asset segregation rules for securities accounts.
  • Lack of harmonisation of registration and investor identification rules and processes.
  • Complexity of post-trade reporting structure.
  • Unresolved issues regarding reference data and standardised identifiers.
  • Uncertainty as to the legal soundness of risk mitigation techniques used by intermediaries and of CCPs’ default management procedures.
  • Deficiencies in the protection of client assets as a result of the fragmented EU legal framework for book entry securities.
  • Shortcomings of EU rules on finality.
  • Legal uncertainty as to ownershiprights in book entry securities and third party effects of assignment of claims.
  • Inefficient withholding tax collection procedure.

À retrouver dans la revue
Revue Banque Nº814bis