Association of Global Custodians
Budget
€25 — €0
EP Access
0
accredited persons
Staff
4
1 FTE
EU Grants
None
Mission & Goals
Established in 1996, the Association of Global Custodians is a group of 12 financial institutions that provide securities safekeeping services and asset-servicing functions to primarily institutional cross-border investors worldwide. As a non-partisan advocacy organization, the Association represents members’ common interests on regulatory and market structure matters through comment letters, white papers and interaction with legislative and regulatory authorities and financial industry organizations. The member banks are competitors, and the Association does not involve itself in member commercial activities or take positions concerning how members should conduct their custody and related businesses. Baker & McKenzie LLP acts as the Association's Secretariat and Counsel.
EU Legislative Interests
The Association of Global Custodians follows potentially any matters arising out of the Financial Services Directorate of the European Commission relating to post-trade and associated tax matters. These include by way of example: Savings and Investments Union; AIFMD and UCITS depositary matters; T+1 implementation via the EU T+1 Industry Committee; Shareholders' Rights Directive II; DLT Pilot Regime; the Markets in Crypto-assets Regulation (MiCAR), (n) CRD VI.
Communication Activities
Please click on the following link to have access to all the relevant policy implementation, public relations and communication activities : http://www.theagc.com/Europe.htm Activities related (but not limited) to SFD/FCD, DLT Pilot Regime and MiCAR, CRD VI, as well as depositary-related proposals and legislation (e.g.DLT Pilot Regime and Review of MiFIR Regulatory Technical Standards on Transparency and Reporting ). Participation in ESMA and European Commission roundtables on CSDR Settlement Discipline and on “Shortening the Settlement Cycle". Participation in the EU T+1 Industry Committee, represented by John Siena from Brown Brothers Harriman.
Interests Represented
Promotes their own interests or the collective interests of their members
Member Of
N/A
Organisation Members
Please click on the following link to have access to the list of all the members of the Association of Global Custodians : http://www.theagc.com/members.htm
Commissioner Meetings
No recorded meetings with EU commissioners.