CCP Supervisory Committee

CCP directorate publications

Chair of the CCP Supervisory Committee - Klaus Löber

Klaus Löber is the first Chair of the ESMA CCP Supervisory Committee (CCP SC) and Director for Central Counterparties (CCPs) at the European Securities Markets Authority (ESMA). He took up office on 1 December 2020 and is serving a five year term. His areas of responsibility encompass the tasks attributed by EMIR to the CCP SC, in particular the enhancement of supervisory convergence and ensuring a resilient CCP landscape in the EU as well the monitoring and management of the risk that CCPs established in third countries may pose to the EU. He is also chairing the ESMA CCP Policy Committee contributing to the EU Single Rule Book in the area of CCPs.

Prior to this role, Mr Löber was Head of Oversight of the European Central Bank in charge of the oversight of financial market infrastructures, payments instruments and schemes.

From 2012 to 2016, he was Head of the Secretariat of the Committee on Payments and Market Infrastructures, the global standard setting body in the area of payments, clearing and settlement hosted by the Bank for International Settlement in Basel, Switzerland.

Earlier positions include the European Commission, Deutsche Bundesbank and private practice.

Mr Löber regularly publishes on financial markets legal, regulatory and infrastructure issues and lectures at universities.

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Independent member - Nicoletta Giusto

Nicoletta Giusto is an Independent Member of the CCP Supervisory Committee and Director for Central Counterparties (CCPs) at the European Securities and Markets Authority (ESMA)

In 1987 she joined Consob to work at the General Secretariat to the Board and subsequently at the International Relations Office. In 1998 she joined the European Commission where she was employed at the Securities Markets Unit of DG Internal Market and Financial Services until 2001. In 2002 and 2003 she was Pre-Accession Advisor at the Romanian Securities Commission (EU funded Phare Project). Afterwards, she returned to Consob and was appointed Head of the International Relations Office in 2006. 

She has been involved in several international working groups and activities, including peer reviews at IOSCO and FSB level. Even before joining ESMA she followed closely and took part in various ESMA activities including by chairing several Standing Committees such as the Investment Management Standing Committee, the Post-Trading Standing Committee and the Market Integrity Standing Committee.  

Nicoletta Giusto graduated in Law at the University of Genoa (Magna cum Laude) and achieved a Master in Law & Economics of the EU at the University of Rome La Sapienza.

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Independent member - Froukelien Wendt

Froukelien Wendt is an Independent Member of the CCP Supervisory Committee and Director for Central Counterparties (CCPs) at the European Securities and Markets Authority (ESMA).

Previously, she worked at the IMF and led missions in the area of CCPs, central securities depositories and payment systems in the context of IMF Financial Sector Assessment Program (FSAP) and Technical Assistance projects. She also worked at the World Bank as a Senior Securities Settlement Expert and at De Nederlandsche Bank, where she was responsible for supervision of CCPs, and payment and securities settlement systems. Froukelien started her career at Euronext N.V., where she worked in the strategy and cash market development departments.

She holds a master in Economics from the RijksUniversiteit Groningen, and a master in Financial and Investment Analysis from the Vrije Universiteit Amsterdam.

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