National Settlement Depository (NSD), Russia’s central securities depository, took part in the SIBOS international conference held 29 September – 2 October 2014 in Boston, USA. The Conference is put on by SWIFT. Each year, the Conference unites thousands of representatives from regulators, leading financial institutions, market infrastructures, transnational corporations and technological companies to discuss the current agenda and newest trends, for creating the future of the financial sector. Since 2008, NSD has taken an extremely active role in this event, which is one of the biggest in the post-trading industry, and 2014 was no exception.
The key event for NSD was a panel discussion “Driving Infrastructure Changes,” which was held 30 September. The speakers included:
- Eddie Astanin, Chairman of NSD's Executive Board;
- Oleg Perestenko, Deputy Head of National Payment System Department, Bank of Russia;
- Philippe Laurensy, Regional Director, Euroclear;
- Mark Bosquet, Head of Network Management Domestic Markets, Clearstream Banking;
- Mag. Christian Pinetz, Head of Relationship & Network Management CSD.A, OeKB;
- Bogdan Tataru, Director, Marketing and Business Development, Computershare Russia.
Eddie Heaton, Managing Editor, International Securities Services, moderated the discussion.
Key discussion topics were recent legal changes in the financial market, opened access to the Russian equity market, the results of the liberalization of the OFZ, the corporate and municipal bond market, recent news and further plans related to corporate actions reform and the implementation of e-proxy-voting in the Russian market, as well as the Bank of Russia’s payment system and it use by market participants. The panel discussion and its topic generated great interest from conference participants: more than 40 delegates took part in the discussion.
Maria Ivanova, Vice President for Development and Client Relations, NSD, attended a Market Infrastructures Breakfast Meeting; together with representatives of the leading financial infrastructural institutions (the DTCC, Euroclear, Clearstream, the Bank of England, the National Bank of Belgium, Banca d'Italia, the Federal Reserve Bank of New York, Deutsche Bundesbank, the Singapore Stock Exchange and other companies). She discussed the growing interest of financial infrastructures in introducing the ISO 20022 message exchange format and SWIFT’s role in this process.
Sergei Putyatinsky, IT Director, NSD, was one of the co-chairmen of “What if…? Scenario Planning to Shape the Standards Future Together,” a panel discussion dedicated to future of standards in the sector. Discussion participants included experts in the sphere of payments, securities and technologies; representatives of SWIFT, MIT's Sloan School of Management, J.P.Morgan, Deutsche Bank and Rabobank Nederland spoke at the event. Other co-chairmen included delegates from Clearstream, StateStreet and BNP Paribas.
Conference results reflected the practical interest of participants, including NSD’s partners and clients, in the situation and changes in the Russian market. The Russian financial market continues its integration into the global financial system.