Cecabank has celebrated a new edition of the principal forum for the industry of the post-trading in Spain, bringing together to outstanding banks representatives, managers of assets, supervisors, regulatory and companies organisations technological
Between the outstanding speakers are found Carlos St Basilio, chairman of the CNMV, and Rodrigo Buenaventura, general secretary for IOSCO
The meeting has had the share of more than 250 professionals from 120 financial institutions and organisations of the sector
The sector post-trading is living a profound transformation boosted by the digitisation, the innovation and the regulatory changes, and it is playing a key role in the stability and efficiency of the financial markets, especially in an uncertain environment where the overall stability is still committed for the geopolitical tensions and the armed conflicts in Ukraine and Middle East. In this stage, Cecabank has celebrated today the XI Meeting of Securities Services, under the slogan “Driving the changes and sector trends ” in the Actual Casino of Madrid. The meeting, organised with Expansión and the collaboration of Funds People, has gathered to 250 professionals from 120 financial institutions and organisations of the sector, consolidating as an appointment key for the analysis of the present and the future of the industry.
The opening session has been the responsibility of Carlos St Basilio, chairman of the CNMV, who has announced that “the CNMV prepares its own internal plan of simplification for which we are revising and updating our monitoring procedures and authorisation. Our objective is reduce unnecessary loads for everyone the market participants in line with which we have already done with the disappearance of the PTI”.
They have accompanied him in the opening Salvador Arancibia, journalist and attached to the address of Expansión, and Ainhoa Jáuregui, CEO in functions of Cecabank, who has stated that “Cecabank Securities Services has been consolidated as one of the solider pillars and transformers of the financial system. A business that not only it has demonstrated a resilience and exceptional efficiency, but instead that is adapted to challenging challenges of the overall”financial environment, to which it has added: “In Cecabank accompany to our clients, anticipating us to the regulatory changes that they shock in the service. Topics as the securities lending or the transition to T+1 are only some examples. Our commitment: anticipate, accompany and contribute value in every step”.
The eleventh edition has had three round tables concentrating on some key transformations that will mark the future of the sector. During the sessions, the experts debated on most up-to-date topics as the securities lending, the transition to the model T+1, the regulations MiCA and the impact of the artificial intelligence generativa in the financial markets.
The first table, moderate by Óscar Mateos, Securities and Current Account director of Cecabank, has analysed the impact of the transition towards the model of settlement T+1, already implemented in markets such as the United States and Canada. This change, that Europe foresees adopt in 2027, looks for reduce the systemic risk and improve the operational efficiency in the financial transactions. In the debate have participated Jesús Sánchez, Head of Settlement Services of BME; Benoit Dethier, Salts & Relantionship Manager of Citi; and Juan Alfonso Rando, director of Securities of CaixaBank.
The second round table has been concentrating on the most recent trends in securities lending, a practice key for the liquidity of the market and the optimisation of portfolios. The panel has been lowered by Fernando Toledano, Business Development director of Cecabank, and it has had Elisa Ricón's share, INVERCO'S Managing Director, and Gloria Hernández, representative of ADEPO and member of finReg360.
Finally, the third table has opened the debate on the regulatory framework of criptomonedas and digital assets, with special attention to the regulations MiCA, approved recently by the European Union. Moderate by Virginia Linares, Coordination and Control director of Securities Services in Cecabank, the table has had Alberto's intervention Goyanes, Digital person responsible for Assets of Income 4; Isabel Gómez, Transformation and Innovation director in Kutxabank; and Mariona Pericas, Financial Regulation director in finReg360.
This last table gave step to a conference concentrating on the impact of the artificial intelligence generativa in the financial industry, an increasingly relevant topic in the development of new operational models and of monitoring. The session was presented by Arantxa Rubio, of FundsPeople, expert in Depositary & Legal Solutions, and it was in charge of Francisco of the Elm, deputy director person responsible for Fintech and Cybersecurity in the CNMV.
Rodrigo Buenaventura, general secretary for the International Organisation of Fees of Securities (IOSCO), and Aurora Cuadros, corporate director of Securities Services of Cecabank, closed the event. The general secretary for IOSCO, Rodrigo Buenaventura, highlighted: “With the advance of the digitisation, is today more significant than never strengthen the security and the resilience of the infrastructures of custody, settlement and compensation. IOSCO is certain to contribute to that resilience increase of the overall”sector a level. Furthermore, the corporate director of Securities Services of Cecabank, Aurora Cuadros, emphasised that “Cecabank wishes follow keeping up as active agent, driving the changes and sector trends, just as indicates the slogan of this meeting”.
Cecabank maintains an indisputable leading position in the services of depositary and custody
Cecabank has been consolidated as an essential infrastructure of the Spanish financial system. As bank guard of reference, emphasises for its specialisation, independence and steady commitment to excellence in the service, offering financial and technological solutions not only to credit institutions, but also to collective investment institutions and venture capital management companies, insurance companies, securities issuers and investment service companies.
The bank maintains a solid position in depositary and custody services, with business record figures in the last year. With respect to the total volume of assets guarded, with more than 100 financial institutions of all type to those which provides this service, Cecabank has reached more than 351,360 million euros distributed in securities of more than 70 international markets. And, in the field of the depositary, provides service to 46 collective investment institution' managers, pension funds, EPSV and companies of venture capital, reaching a volume of assets deposited higher than the 255,600 million euros, and supervises 45% of the saving of the channelled country via pension plans.
The bank guard has been consolidated as a fundamental infrastructure of the financial system to achieve synergistic gains, generate economies of scale and reduce the costs. The financial strength of Cecabank, with a solvency rate of 42.78% —más of three times as much as a bank convencional—, reflects not only the solidity of its model, but also the commitment constant by the innovation, the efficiency and the specialisation.
