Nordic securities dealers associations create 'Nordic Securities Association' to strengthen cooperation
By creating Nordic Securities Association, the Associations formalise a long standing cooperation between them. Through the Nordic Securities Associa-tion, the Associations are strengthening their cooperation in order to en-hance the common voice, considering the important changes in the securi-ties market infrastructure and the global review of the financial regulatory system.
Nordic Securities Association will focus primarily on such stakeholders as regulated markets, clearing and settlement providers and supervisors in the Nordic market, but also on European and International issues of common interest. Furthermore, Nordic Securities Association will work to promote harmonisation of rules and recommendations, as well as supervision in the Nordic region.
The new elected chair of Nordic Securities Association and of the Danish Se-curities Dealers Association, Steen Blaafalk, is very pleased that the coop-eration among the associations has now been formalised. Steen Blaafalk said:
"Given the increasing role that European and international institutions play in the field of securities markets and the market infrastructure, it is impor-tant to strengthen the safeguarding of the Nordic interests. By creating Nor-dic Securities Association, the Nordic securities industry will be in a better position to act on important issues of supra-national dimensions".
The formation of the new association has also been greeted by other market associations:
Jonathan Taylor, Director General of the London Investment Banking Asso-ciation which works closely with the Nordic associations, welcomed the crea-tion of a common Nordic voice.
"Formalising the co-operation between the Nordic dealers associations in this way is an obvious step to take, and will strengthen the effectiveness of their advocacy both in Europe and more widely".
Members of Nordic Securities Association's board are:
Chair Steen Blaafalk, Senior Executive Vice President, Danske Bank and chairman of DSDA
Søren Gade, Executive Director, DSDA
Antti Mäkinen, Chief Executive Officer, eQ Corporation, Finland
Markku Savikko, Director, FFFS
Per-Ove Breivold, Chief Operating Officer, AGB Sundal Collier ASA and chairman of NSDA
Per Broch Mathisen, Managing Director, NSDA
Mikael Ericson, Chief Executive Officer, Carnegie Investment Bank AB and chairman of SSDA
Kerstin Hermansson, Managing Director, SSDA
A website for the new organisation will be launched shortly.
Any questions regarding Nordic Securities Association can be directed at:
Danish Securities Dealers Association, Søren Gade, +45 3370 1090
Federation of Finnish Financial Services, Markku Savikko, +358 9 6689 1716
Norwegian Securities Dealers Association, Per Broch Mathisen, +47 22007411
Swedish Securities Dealers Association, Kerstin Hermansson, +46 856260700