With the cross-border merger of the central securities depositories (CSDs) of Estonia, Latvia and Lithuania into a single licensed legal entity Nasdaq CSD, the migration of Nasdaq CSD to the pan-European securities settlement platformT2S, the Baltic securities market is undergoing one of the biggest transformations in its history. To evaluate benefits and future perspectives of the Baltic securities market, Nasdaq CSD in cooperation with Latvijas Banka is organizing finance industry’s expert discussion “Financial Integration in Europe – Benefits for the Baltic Capital Market” to be held on September 26 at 10 AM in Riga.
The aim of the discussion is to examine challenges of the Baltic securities market as well as further Baltic region integration into the European financial market, potential of growth and opportunities to uphold the competition within the region.
Opening statements will be given by Director General of the Directorate General Market Infrastructure and Payments of the European Central Bank Marc Bayle de Jessé, Minister of Finance of the Republic of Latvia Dana Reizniece-Ozola, Governor of Latvijas Banka Ilmārs Rimšēvičs and Vice-President and Head of Nasdaq Securities Services, Chair of the Supervisory Council of Nasdaq CSD Arminta Saladžienė.
Head of Baltic Corporate Banking of SEB Anders Larsson, Head of Institutional Markets of LHV Bank Ivars Bergmanis, Head of Client Management Baltics in Securities Services of Swedbank Elo Tempel, Chairman of the Board of Latvijas Banka Māris Kālis and Director of Financial Policy Department of Ministry of Finance of Lithuania Sigitas Mitkus will join the panel discussion of the event. It will be moderated by Head of Nasdaq Baltic Market and CEO of Nasdaq CSD Indars Aščuks.
Discussion will take place in the building of Latvijas Banka at K. Valdemāra Street 1B within the Gold hall. The programme of the event can be found HERE.
Media representatives are invited to register for the event until September 25 at 12 PM by applying via e-mail firstname.lastname@example.org or by phone +371 29 423 528.
About the Nasdaq CSD and joining the pan-European securities settlement platform T2S
Nasdaq announced the cross-border merger of the central securities depositories (CSDs) of Estonia, Latvia and Lithuania into a single licensed legal entity – Nasdaq CSD on September 18, 2017. Nasdaq CSD is the first CSD in the EU to be reauthorized under the European CSD Regulation (CSDR). This is the first time a common authorization, supervision and regulatory framework for CSDs has been instituted at a pan-European level.
The merger of Nasdaq’s Baltic CSDs aims to increase the competitiveness of the post-trade ecosystem in the Baltic region and to ensure more integrated securities trading and post-trade services for companies and investors in the Baltics and abroad.
Following the cross-border merger, from today, Nasdaq CSD has joined the pan-European securities settlement platform TARGET2-Securities (T2S), a major financial infrastructure project initiated by the European Central Bank. T2S brings benefits to the European post-trade industry and makes cross-border settlements easier and more efficient.