Press Release: Commission acts to increase the safety and efficiency of securities settlement in Europe

As part of its ongoing efforts to create a sounder financial system, the European Commission has proposed to set up a European common regulatory framework for the institutions responsible for securities settlement, called Central Securities Depositories (CSDs). The proposal will bring more safety and efficiency to securities settlement in Europe. It also seeks to shorten the time it takes for securities settlement and to minimise settlement fails.

• Primary Source

European Commission: Memo/12/163: Commission proposal on improving securities settlement in the EU and on Central Securities Depositaries – Frequently Asked Questions http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/163&format=HTML&aged=0&language=EN&guiLanguage=en

---