| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/01/487 (2.4.01) |
| Publication Date | 02/04/2001 |
| Content Type | News |
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On 2 April 2001 the European Commission launched consultations on cross-border clearing and settlement in the European Union with the aim of gaining a better understanding of existing obstacles to cross-border securities market transactions in the Union and to begin to identify the public policy issues and knock-on effects that could arise from potential future models for clearing and settlement infrastructure. The information gathered through this exercise will be used by an advisory group to the Commission on financial market issues chaired by Alberto Giovannini (the so-called 'Giovannini Group'), which is currently working on cross-border clearing and settlement arrangements. The Commission will also use this information in the context of the current review of the Investment Services Directive (see IP/00/1315) and as part of its wider efforts to identify and remove barriers to cross-border clearing and settlement activity in Europe. The consultations are being conducted on the basis of a questionnaire available on the Europa website. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/01/487&format=HTML&rapid=0&language=EN&guiLanguage=en |
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| Subject Categories | Internal Markets |
| Countries / Regions | Europe |
