Europe settlement project to launch

Plans to build a pan-European settlement system to reduce securities post-trading costs took a significant step forward 17 July 2008 as the European Central Bank decided to launch a project to create a single settlement system for the eurozone.

European Commission: Press Release, IP/08/1193: EU Presidency and Commission welcome launch of TARGET2 – Securities "T2S" project http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1193&format=HTML&aged=0&language=EN&guiLanguage=en

ECB: Press Release, 17.7.08: Launch of the TARGET2-Securities project http://www.ecb.int/press/pr/date/2008/html/pr080717.en.html

European Commission: DG Internal Market and Services: Financial Markets Infrastructure: Clearing & Settlement: CESAME group http://ec.europa.eu/internal_market/financial-markets/clearing/cesame_en.htm

European Commission: DG Economic and Financial Affairs: Integrating EU financial markets: Financial market issues: The Giovannini Group http://ec.europa.eu/economy_finance/eu_economic_situation/integrating_markets300_en.htm

European Central Bank: Payments & Markets: TARGET2-Securities http://www.ecb.int/paym/t2s/html/index.en.html

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