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Euroclear at PostTrade 360° Nordic in Stockholm, 4-5 September 2024
The popular industry event PostTrade 360° Nordic has brought the international post-trade industry to Stockholm, Sweden this September week. As one of the main sponsors, Euroclear is presenting a strong line-up of speakers contributing to presentations and panels on a wide array of topics.
PostTrade 360 is one of the world’s leading post-trade conferences, attracting participants from across Europe and beyond. With over 1000 delegates and 200+ speakers across 50+ sessions, this new event is an initiative to merge four different previously national events.
For Euroclear Sweden, important topics cover shortening the settlement cycle to T+1, and Sweden’s approach to T2S. Other main focus areas touch on the issuers' perspective in our business, and the pan-Nordic CSD scene.
Euroclear Sweden’s Chief Business Officer Financial Institutions, Sandra Holmqvist, joined an engaging PostTrade 360 seminar on Sweden’s approach to the European settlement system T2S.
Sandra explained that although the Swedish Central Bank’s called for a postponement in Sweden joining T2S, Euroclear Sweden’s transition focus remains very strong. The current VPC system is the most stable in the Nordics, and a change to harmonise with Europe has to be done step-by-step.
“The Riksbank has listened to the market and made a prudent decision. This does not, however, mean that we are slowing down our pace,” said Sandra Holmqvist.
Suvi Tyni, Chief Business Officer Euroclear Finland is moderated a panel discussion called “Bringing the Issuer Perspective.
Máirtín Ó Duinnín, Head of Issuer Product Management, gave insights to the question. He explained how a strong connection between the Financial Institutions and Issuers sides of our business creates a virtuous circle when it comes to development of our services: “Simply put – without issuers there is no post trade industry”.
Roger T Storm, CEO Euroclear Sweden, joined Thursday’s heavy weight CEO panel that concluded the conference.
The panel discussed hot topics and challenges on the Nordic CSD scene – such as the necessity to migrate settlement to the European platform called TS2:
“Even though our Swedish system is built very well, it is not future proof”, said Roger T Storm.
“We can’t afford not to do the transition”, said Niels Hjort Rotendahl, CEO Euronext Denmark.
“The legacy platform is turning into a burning platform”, said Kristine Bastøe, CEO Euronext Norway.
Euroclear Finland is the first of the Nordics to have completed the transition. “Let’s be honest, it was heavy lifting”, said CEO Hanna Vaino.
The panel was moderated by CSD industry nestor Göran Fors, Deputy Head of Investor Services at SEB.
