The main and global event for CSDs, their participants and regulators

Event Overview

Thank you to everyone that attended the World Forum of Central Securities Depositories this year in Prague, from 24 to 26 of May. 

If you would like more information following the conclusion of the event, please contact the organisers here.

You can now watch the WFC23 event replays below or by visiting the ECSDA YouTube page

A PDF version of the agenda can be downloaded here

We look forward to welcoming you back to another insightful conference in Kazakhstan in 2025!

Key Themes

Facilitating cross-border investment flows

FMI DLT pilots: lessons learned and challenges ahead

Settlement efficiency

Vision for the Global Post-trade

Systemic risk in Post-trade

WFC2023 Event Replays

Event replays of Day One

Event replays of Day Two

Event replays of Day Three

Speakers included:

Caroline Pham

Caroline D. Pham

Commissioner, U.S. Commodity Futures Trading Commission

Sam Riley

Samuel Riley

Chief Executive Officer,
Clearstream Holding AG

Javier Hernani Burzako

Javier Hernani Burzako

Head Securities Services, SIX

Guillaume Eliet

Guillaume Eliet

Chief Executive Officer, Euroclear ESES CSDs

Agenda

You can view the agenda in your preferred time zone by selecting it from the list below.

You can also download a PDF version of the agenda here

Day 1
2023-05-24
Day 2
2023-05-25
Day 3
2023-05-26
12:00 - 13:00
Welcome Lunch
13:00 - 13:15
Opening Remarks
Opening Remarks image
Mark Gem
Chair of the Board, ECSDA and WFC; Chairman of the Clearstream Risk Committee
13:15 - 14:15
Next steps on the CSD engagement in sustainability
Next steps on the CSD engagement in sustainability image
Paul Symons (Moderator)
Chief Sustainability Officer and Group Chief of Staff, Euroclear
Next steps on the CSD engagement in sustainability image
Francisco Béjar Nuñez
Head CSD Services, SIX
Next steps on the CSD engagement in sustainability image
Olga Cantillo
Executive Vice-President & CEO, Latin American Stock Exchange (Latinex)
Next steps on the CSD engagement in sustainability image
Hayk Yeganyan
CEO, Armenia Securities Exchange
Next steps on the CSD engagement in sustainability image
Emmanuel Alao
Chief Operating Officer, FMDQ Depository Limited
14:15 - 14:35
Keynote Speech
Keynote Speech image
Jenny Hancock
Member of Secretariat, CPMI
14:35 - 15:35
Streamlining regulation for cross-border transactions and connections of international issuers and investors (Senior Panel)

Financing, facilitation of links, and removing other hurdles

Streamlining regulation for cross-border transactions and connections of international issuers and investors (Senior Panel) image
Mark Gem (Moderator)
Chair, ECSDA and WFC Board
Streamlining regulation for cross-border transactions and connections of international issuers and investors (Senior Panel) image
Vojtěch Belling
Executive Director, Department of Financial Regulation and International Cooperation, Czech National Bank
Streamlining regulation for cross-border transactions and connections of international issuers and investors (Senior Panel) image
Jim Turnbull
Deputy Director- Head of Product Group Capital and Financial Markets Development, EBRD
Streamlining regulation for cross-border transactions and connections of international issuers and investors (Senior Panel) image
Indars Ascuks
CEO, Nasdaq CSD. Deputy Chairman of ECSDA
Streamlining regulation for cross-border transactions and connections of international issuers and investors (Senior Panel) image
Abdulla Jaffar Abdin
Chief Operating Officer, Bahrain Clear, Chairman, AMEDA
15:35 - 16:05
Break
16:05 - 16:35
Keynote Speech

Centralized Multi-Entity CSD Solution for an entire Capital Market – Case Study Georgia

Keynote Speech image
Giorgi Laliashvili
Head of Financial Markets, National Bank of Georgia
Keynote Speech image
Rares Togan
Senior Business Analyst, Securities and Trading, Montran
16:35 - 17:35
Global stability threats and systemic risks in post-trade
Global stability threats and systemic risks in post-trade image
Jim Micklethwaite (Moderator)
Director, Head of Operations, Thomas Murray Ltd
Global stability threats and systemic risks in post-trade image
Pierre Paul Stacanov
Chief Risk Officer, ESES Euroclear Group
Global stability threats and systemic risks in post-trade image
Ekrem Arikan
Chief Executive Officer, Board Member, MKK
Global stability threats and systemic risks in post-trade image
Oleksii Yudin
Chairman, National Depository of Ukraine (NDU)
Global stability threats and systemic risks in post-trade image
Pheona Härtel
Head of Legal, Risk and Compliance, Strate
Global stability threats and systemic risks in post-trade image
Adrien Vanderlinden
Executive Director, Systemic Risk Office
17:35 - 17:45
Closing Remarks
19:30 - 22:00
Welcome Dinner
08:30 - 09:00
Welcome Coffee
09:00 - 09:05
Opening Remarks
09:05 - 09:25
Keynote Speech
Keynote Speech image
Caroline D. Pham
Commissioner, U.S. Commodity Futures Trading Commission
09:25 - 10:25
CSD digital transformation and DLT MI pilots

Market Architecture: from a technical perspective, both DLT and centralised IT technologies do not prevent to collapse the infrastructure roles, was the regulation right in separating the role or is there a difference in DLT that justify such a collapse now?
Business case: is the technology too expensive for all actors to co-sign to use it? Will it lead to more fragmentation?
Interoperability: what do we learn from the first cross-chain repo swap (between HQLAx and Fnality) with different DLT technologies? How do smart contracts further enable automation, e.g. for corporate actions?

CSD digital transformation and DLT MI pilots image
Alexandre Kech (Moderator)
Business Head Digital Securities, SDX
CSD digital transformation and DLT MI pilots image
Glen Fernandes
Head of Digital Business Design, Euroclear Group
CSD digital transformation and DLT MI pilots image
Martin Watkins
Chief Executive Officer, Montis Group
CSD digital transformation and DLT MI pilots image
Jennifer Peve
Managing Director, Global Head of Strategy and Innovation, DTCC
CSD digital transformation and DLT MI pilots image
Ondřej Dusílek
Chief Executive Officer, CSD Prague
CSD digital transformation and DLT MI pilots image
Nathan Fenech
Deputy Head, Capital Markets Supervision, Malta Financial Services Authority
10:25 - 10:55
Break
10:55 - 11:55
Tokenisation in Capital markets

How do the two worlds of DLT native and traditional book-entry securities work together?
What is the difference between securitisation and tokenisation of assets?
Can tokenisation and servicing of tokenised assets by a Settlement System Infrastructure inject liquidity and trust in the new market segments?
“Same activities, same risk, same rules” – is it so true?
Now that we have seen some failures, e.g. FTX, what regulation should apply to DLT Settlement Systems and their operators?

Tokenisation in Capital markets image
Barnaby Nelson (Moderator)
CEO, The Value Exchange
Tokenisation in Capital markets image
Jens Hachmeister
Managing Director, New Digital Markets, Data & Issuer Solutions, Clearstream
Tokenisation in Capital markets image
Vipin Y.S Mahabirsingh
Managing Director, Central Depository & Settlement Co. Ltd, CSD Mauritius
Tokenisation in Capital markets image
Andreas Lundell
AVP Head of Product, CSD Technology, Market Technology, Nasdaq
Tokenisation in Capital markets image
Ian Salmon
Capital Markets Advisor, r3
11:55 - 12:15
Keynote Speech
Keynote Speech image
Manmohan Singh
Senior Financial Economist, IMF
12:15 - 13:15
Cash leg for settlement of transactions on DLT
How to ensure true DVP on DLT and what are the challenges of CBDC use by non-native platforms?
Will wholesale CBDCs in Euro, Dollar or other currencies be available before retail?
Can a multi-settlement asset/currency system be created by private actors and authorised for use before the ones of Central Banks?
Cash leg for settlement of transactions on DLT image
Holger Neuhaus (Moderator)
Head of division on Market innovation and integration, European Central Bank
Cash leg for settlement of transactions on DLT image
Piero Cipollone
Deputy Governor, Banca d'Italia
Cash leg for settlement of transactions on DLT image
Rhomaios Ram
Chief Executive Officer, Fnality
Cash leg for settlement of transactions on DLT image
Haruna Jalo-Waziri
Chief Executive Officer, Central Securities Clearing System Plc
Cash leg for settlement of transactions on DLT image
Dirk Bullmann
Global Head of Public Policy, CLS
Cash leg for settlement of transactions on DLT image
Nick Kerigan
Managing Director, Head of Innovation, Swift
13:15 - 14:15
Lunch
14:15 - 14:35
Keynote Speech
Keynote Speech image
Alina Dragomir
Senior Policy Officer, Markets and Digital Innovation Department, ESMA
14:35 - 15:35
European focus: Further consolidation and growth of EU FMIs; is it a key element of a deeper EU Capital Markets Union? (Senior Panel)
European focus: Further consolidation and growth of EU FMIs; is it a key element of a deeper EU Capital Markets Union?  (Senior Panel) image
Olga Jordão (Moderator)
Chief Executive Officer, Euronext Securities Porto
European focus: Further consolidation and growth of EU FMIs; is it a key element of a deeper EU Capital Markets Union?  (Senior Panel) image
Jennifer Robertson
Head of Unit, European Commission
European focus: Further consolidation and growth of EU FMIs; is it a key element of a deeper EU Capital Markets Union?  (Senior Panel) image
Andrea Gentilini
Head of Market Infrastructure Division, CSSF & Chair of ESMA Post Trading Working Group
European focus: Further consolidation and growth of EU FMIs; is it a key element of a deeper EU Capital Markets Union?  (Senior Panel) image
Jesús Benito
Head Domestic Custody and TR Operations, SIX
European focus: Further consolidation and growth of EU FMIs; is it a key element of a deeper EU Capital Markets Union?  (Senior Panel) image
Ilse Peeters
Head of Government Relations & Public Affairs, Euroclear
European focus: Further consolidation and growth of EU FMIs; is it a key element of a deeper EU Capital Markets Union?  (Senior Panel) image
Attila Toth
Principal, Equity and Capital Market Infrastructure, Capital Markets Development Team, EBRD
15:35 - 16:05
Break
16:05 - 16:25
Keynote speech
Keynote speech image
Kong Qingwen
Chief Executive Officer, China Securities Depository and Clearing Corporation Limited
16:25 - 17:25
Settlement efficiency

The difference in efficiency between single and multi-currency/CSD/timezone markets

Settlement efficiency image
Alina Dragomir (Moderator)
Senior Policy Officer, Markets and Digital Innovation Department, ESMA
Settlement efficiency image
Michele Hillery
General Manager of Equity Clearing and DTC Settlement Service, The Depository Trust & Clearing Corporation (DTCC)
Settlement efficiency image
Charlie Geffen
Chair, UK Accelerated Settlement Taskforce
Settlement efficiency image
Jesús Sánchez
Head of Settlement Services, SIX
Settlement efficiency image
Miguel Espinoza
Head of Product, Securities and Trading, Montran
17:25 - 17:35
Closing Remarks
19:30 - 22:00
Gala Dinner
09:00 - 09:30
Welcome Coffee
09:30 - 09:45
Opening Remarks
09:45 - 10:05
Major trends in Corporate Events
Major trends in Corporate Events image
James Cunningham
Senior Advisor, Public Policy & Government Affairs, BNY Mellon
10:05 - 10:25
ECSDA CSDs on the messaging standards evolution
ECSDA CSDs on the messaging standards evolution image
Jean-Paul Lambotte
Product Manager, Euroclear
10:25 - 10:45
Keynote speech
Keynote speech image
Charifa El Otmani
Director, Capital Markets Strategy, Swift
10:45 - 11:25
Supporting Emerging Economies and Building up Capital Markets: How Can CSDs Help?
Supporting Emerging Economies and Building up Capital Markets: How Can CSDs Help? image
Philip Brown (Moderator)
CEO, Clearstream Banking SA