Bourses attack bank moves to upset trading structures

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Series Details 21.2.06
Publication Date 21/02/2006
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On the 21 February 2006 EU Commissioner for the Internal Market and Services, Charlie McCreevy met CEO-level representatives of a group of companies to hear the views of important users of clearing and settlement systems and to discuss possible ways to dismantle barriers to cross-border clearing and settlement. Mr. McCreevy was accompanied by Dr. Alberto Giovannini, who coordinated the preparation of two reports on this subject and who is an adviser to the Commission. The discussion focused on the causes of excessive cross-border cost for post-trading services and possible future initiatives to decrease this cost to domestic levels.

Related Links
European Commission: Press Release: IP/06/205: Securities' Clearing and Settlement: Meeting of Commissioner Charlie McCreevy and Dr. Alberto Giovannini with industry leaders http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/205&format=HTML&aged=0&language=EN&guiLanguage=en

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