About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

European Issuer Community is Focused on Standardisation, Says Fransens

Subscribe to our newsletter

The European issuer community is working with the rest of the industry towards achieving greater efficiency and reduced costs in the area of corporate actions processing, according to Dorien Fransens, secretary general of EuropeanIssuers. Speaking to the delegation at CorpActions 2009 Europe, Fransens elaborated the progress that the two cross sector working groups, looking at the areas of corporate actions and general meetings, have achieved over the last 12 months.

Participants of these working groups include issuers, central securities depositories (CSDs), clearing counterparties (CCPs), intermediaries and stock exchanges. The focus of the working groups is on removing “discrimination” with regards to cross border shareholdings with a view to increasing standardisation and harmonisation across Europe, explained Fransens.

Although the best practices resulting from the work will be self-regulatory, Fransens indicated that the work is being carefully scrutinised by the European Commission.

The work around general meetings is focused on three key processes: meeting notices, entitlements and notification of attendance. Whereas the focus of the corporate actions working group is on distributions and reorganisations, mandatory and voluntary processes, options and transaction management, said Fransens.

“This work started several years ago and we are now in the final phase,” she explained. “The public consultation document on the general meetings proposals was released in December and industry participants have until mid-February to provide feedback. The corporate actions proposals have already been commented upon and the revisions are currently underway.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Beyond the Pilot: Building Infrastructure for the Agentic Era

By David Sewell, Chief Technology Officer, Synechron. The fraud transaction takes milliseconds to clear. In that window, an agentic system has already queried three databases, cross-referenced two watchlists, and pinged the identity verification layer. It works – in the demo. Then the auditor asks where the decision log is, and nobody can find it, because...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

BCBS 239 Data Management Handbook

Our 2015/2016 edition of the BCBS 239 Data Management Handbook has arrived! Printed copies went like hotcakes at our Data Management Summit in New York but you can download your own copy here and get access to detailed information on the  principles and implications of BCBS 239 on Data Management. This Handbook provides an at-a-glance...