ICMA and ECSDA outline concerns with EDDI

By Burhan Khadbai
10 Jul 2019

The International Capital Market Association and the European Central Securities Depositories Association have raised concerns with the European Distribution of Debt Instruments project, in response to the European Central Bank’s market consultation.

ICMA said there was a perceived conflict of interest with the ECB running EDDI, the scheme being developed by the central bank and the European Stability Mechanism to overhaul the way bonds in euros are syndicated and settled, bringing automation to much of the process.

“The ECB is ...

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