ECB Operations managers group (ECB OMG)
The ECB OMG provides a forum for operations managers to discuss banks’ operational and post-trade developments, in particular those connected with the regulatory reform and technological innovation. In addition, the group acts as a channel of communication to respond from a banks’ operations perspective to crisis situations that may arise in financial markets.
Terms of reference
2020 Work programme
Chair
Head of Division Financial Operations Services of the ECB
Members and composition
The ECB OMG is composed of representatives of the ECB and operations managers of commercial banks from all over Europe.
The composition of the group is reviewed at the end of the calendar year. Institutions interested in joining the ECB OMG are invited to submit the application form and other relevant documentation to the ECB OMG Secretariat by the end of October of each year at the latest.
Representatives from the euro area national central banks, which have the status of observer, may follow the discussions in the group.
To further enhance the diversity of our contact group, we particularly encourage institutions to nominate female representatives.
Supporting documents
- Surveys on confirmation practices
- Joint Statement on the Publication of the FX Global Code: May 2017 Press release of 25 May 2017
- Joint Statement on the Publication of the FX Global Code: May 2016 Update (26/05/2016)
- Codes of best market practice and shared global principles
Meetings
- 17 December
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Agenda
Summary
List of participants
Item 2.1 T2/T2S consolidation project
Item 2.2 T2/T2S consolidation from a market perspective
Item 2.3 TARGET2 incident on 23 October 2020
Item 3 Current regulatory issues
Item 6 Digital transformation at Clearstream - 2 September
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Agenda
Summary
List of participants
Item 2: Perspectives from SWIFT on Cyber Security
Item 4: Fintech solutions in operations - 10 June
- Agenda
Summary
List of participants
Item 2: Operations Resilience - Citi
Preparing for Securities Financing Transactions Regulation (SFTR) - Crédit Agricole - 25 March
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Agenda
Summary
List of participants
Item 2 (a): Collateral Management for OTC Derivatives - Belfius
Item 2 (b): Eurosystem Collateral Management System
- 5 December
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Agenda
Summary
List of participants
Item 1: Euroclear Strategy
Item 2 (a): AIB Treasury Transformation
Item 2 (b): BBVA Back-Office system
Item 3 (a): ISDA Benchmarks Supplement and Protocol highlights
Item 3 (b): EONIA Recalibration
Item 4: Update on the EMA
- 4 September
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Agenda
Summary
List of participants
Item 1: Developments in CLS technology
Item 2: DLT/Blockchain initiatives at a major market player
Item 3: The COBAM initiative – Banco Santander
Item 4: Follow-up on the feedback surveys on the working of the OMG
Item 5a: Implementation of risk-free reference rates – update from the ECB
Item 5b: Implementation of risk-free reference rates – update from Citigroup
- 3 June
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Agenda
Summary
List of participants
Item 1: Update on SWIFT
Item 2(a): The European Master Agreement - views of Crédit Agricole CIB
Item 2(b): The European Master Agreement - views of Belfius Bank
Item 3: Confirmation and settlement at a major market player
Item 5: The introduction of euro-risk free rates - update on operational implications
- 6 March
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Agenda
Summary
List of participants
Item 2: Annual Statistical Report on EU Derivatives Markets Item 3: Update on Brexit preparations Item 4(a): Introduction of euro-risk free rates, operational implications
Item 4(b): Introduction of euro-risk free rates, operational implications
Item 5: Introduction of initial margin requirements for non-centrally cleared derivatives
- 4 December
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Agenda
Summary
List of participants
Item 1: Supply utilities
Item 2: Preparing for Brexit
Item 4(a): Operational regulatory dialogue
Item 4(b): Operational regulatory dialogue - 20 September
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Agenda
Summary
List of participants
Item 3: Blockchain and applications
Item 4: Blockchain and impacts on reconciliation processes - 5 June
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Agenda
Summary
List of participants
Item 3: ESRB Work on EMIR data - 8 March
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Agenda
Summary
List of participants
Item 2: Update on cyber risk
Item 3: Insights into intelligent automation
- 12 December
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Agenda
Summary
List of participants
Item 2: STELLA Project
Item 3 : MiFID II implementation state of play
Item 5: Smart contracts from a legal perspective - 5 October
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Agenda
Summary
Item 2: Regulatory technologies
Item 4: Payment protocols - 22 June
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Agenda
Summary
Item 2: MiFID II impact for the FX market
Item 3: The Enterprise Ethereum initative and technological developments
Item 6: Update on the FX Global Code - 9 March
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Agenda
Summary
Item 3: Update on SWIFT
Item 4: Digital technology developments
Item 6: Update on the FX Global Code of Conduct
- 13 November
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Agenda
Summary
ABSPP and CBPP3 presentation
TLTROs presentation
GFXD presentation - 26 June
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Agenda
Summary
ECB FX OMCG presentation - 20 March
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Agenda
Summary
GFXD presentation
- 5 November
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Agenda
Summary
Latest regulatory developments
Key financial market developments - 12 June
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Agenda
Summary
Key financial market developments
Financial transaction tax
Margin requirements for OTCD - 6 March
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Agenda
Summary
Recent key financial market developments
OTC derivatives: latest regulatory developments in the US and the EU
- 18 October
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Agenda
Summary
Recent key financial market developments
OTC derivatives: latest regulatory developments in the US and the EU
T2S: status update and next steps - 22 May
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Agenda
Summary - 1 March
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Agenda
Summary
Recent key financial market developments
OTC derivatives: latest regulatory developments in the US and the EU
- 14 October
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Agenda
Summary
Best Practices Status update
Recent Key Financial Market Developments - 19 May
- Agenda
- 4 February
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Agenda
Summary
OMG Presentation Market developments
- 8 October
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Agenda
Summary
OMG Presentation Market developments
OMG presenation - T2S status update
OMG Presentation Intermediate reports SSI task force - 6 May
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Agenda
Summary
Tasks, systems and crisis impact on operativity
Update on work on SSIs
Italian Leader of European Scale - 12 February
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Agenda
Summary
ACI operations certificate
Lehman Report
- 10 November
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Agenda
Summary
Response to financial market turmoil
T2S settlement in cb money
Recent Trends in the e-FX space
Confirmations Working Group - 20 May
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Agenda
Summary
Enabling the efficient community
Foreign Exchange Programme
The organisation of activities in a commercial bank - 13 February
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Agenda
Summary
CLS update
Standard settlement instructions input for OMG’s SSI task force
- 16 October
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Agenda
Summary
Dresdner Kleinwort Investment Bank presentation
Update on the ACI Operations Certificate - 12 June
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Agenda
Summary
Global Operations Managers Conference - Feedback and Follow up
Summary of the results of the SWIFT contingency arrangements questionnaire - 23 - 24 April
- 3rd Global operations managers conference, Frankfurt
- 7 February
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Agenda
Summary
CLS presentation
Work programme 2007
- 7 November
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Agenda
Summary
BCP Task Force
Task Force on confirmations - progress report - 29 May
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Agenda
Summary
Group picture - 6 March
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Agenda
Summary