Step-by-step integration with the international capital markets
Improving the image and confidence in the Moldovan financial market is paramount for becoming a full member of the global investment community and benefit fully…
Geography: Europe and Eurasia
Alexandru Savva, the director of the Moldova Central Securities Depository[/caption]
Alexandru Savva, the CSD’s Director says that the institution he represents is strongly committed to following all recommendations made by FSTA experts as they are derived from best international practices. “The extensive analysis conducted by FSTA experts helped us identifying existing shortcomings as well as measures to address them. The valuable recommendations contained in the developed Roadmap provided a significant impetus in advancing our access to the international financial community. The ECSDA membership status will give us access to know-how that will be employed to enhance the CSD’s capacities and improve its services. We are eager to harness all the opportunities given by this membership as we believe that this cooperation will pave the way to a future interconnection with other European CSDs.”, Alexandru Savva added.
ECSDA was founded in 1997 in Madrid and currently has over 40 members – central depositaries from UK, Germany, Switzerland, France, Belgium, Denmark, Romania, and other countries. Headquartered in Brussels, Belgium, the association provides an arena for European CSDs to exchange views and information in the field of pre-settlement, settlement and custody, transfer of know-how and best practices among its members, as well as promoting a constructive dialogue between the CSDs, relevant authorities and other interested parties in order to establish an optimal regulatory framework for clearing and settlement.