| Author (Corporate) | European Commission: DG Internal Market |
|---|---|
| Publisher | EC |
| Publication Date | 2002 |
| Content Type | Policy-making |
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The European Commission has adopted a Communication which considers the need for EU level actions to improve clearing and settlement in the European Union. Efficient cross-border clearing and settlement processes are essential to allow market participants to operate effectively in an integrated EU financial market. The current cross-border arrangements in the EU are complex and fragmented, imposing costs, risks and inefficiencies on investors, institutions and issuers. The Communication sets out, for the first time, overall Commission policy on this subject and presents possible courses of action to improve the cross-border post-trading environment. |
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| Source Link | http://ec.europa.eu/comm/internal_market/en/finances/mobil/clearing/index.htm |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
