Contact group on euro securities infrastructures

Topics

The COGESI addresses issues and developments which are relevant for the euro securities settlement industry and which are of common interest for the Eurosystem, market infrastructures and market participants. This includes developments in the field of collateral management and liquidity management, infrastructural developments, issues related to regulation, standards and legal framework, and post-trading activities in general. Of particular interest for the ECB is to receive feedback from market participants and infrastructures on the Eurosystem collateral framework and on initiatives related to euro securities clearing and settlement integration.

Composition

The COGESI is chaired by the Director General of the ECB's Directorate General Payment Systems and Market Infrastructure. Currently, the COGESI has around 40 members. They consist of representatives of the Eurosystem and representatives of commercial banks, securities settlement systems and clearing houses mainly from the euro area. The central banks of the EU countries that have not yet joined the euro area are represented by four delegates as observers, as is the European Commission. The participants are senior-level executives in their respective organizations and are recognized for their contribution to establishing efficient settlement infrastructures. The composition of the group is reviewed on a regular basis. back to top

Meetings

The COGESI usually meets with a bi-annual frequency.

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