TransFICC has appointed Godfried De Vidts as a regulatory affairs advisor. Prior to this appointment, De Vidts was the director of European affairs at NEX Group, where he advised on European financial and political issues and led the group’s relationship with the European Commission and Parliament.
Throughout his career, De Vidts has been a member of various official working groups such as: the ECB Contact Group on Euro Securities Infrastructures (Cogesi), the ECB Macroprudential Policies and Financial Stability Contact Group (MFCG), and the ESMA Secondary Markets Standing Committee Consultative Working Group.
Prior to joining NEX in 2006, De Vidts spent 15 years at Fortis Bank, where he was head of global liquidity and collateral management. He is also a past President of ACI – The Financial Markets Association, and the current chairman of International Capital Markets Association’s European Repo and Collateral Council.
“Financial markets are evolving rapidly, driven by market fragmentation and changes to regulation,” says De Vidts. “Many market changes begin in Europe and it is vital that firms fully understand these drivers and develop their services accordingly. Joining TransFICC as regulatory affairs advisor was a straightforward decision for me, as it offers clients new and innovative technology for the changing fixed income market.”
He adds: “The fixed income market needs a scalable connectivity solution. There are already more than 130 bond trading platforms globally, with more in development. MiFID II is only a year old, but we have already seen an increase in electronic trading during that time. The introduction of SFTR in 2020 is likely to drive further changes in the market as regulatory reporting becomes mandatory for securities financing transactions.”