Press Release: Post-trading: Commission expert group takes stock of progress on harmonised solutions to cross-border barriers

The European Commission's Clearing and Settlement Advisory and Monitoring Expert Group ('CESAME') issued a comprehensive report on its four years of work on removing industry-related barriers to the cross-border clearing and settlement of securities transactions. The report gave a concise overview of all the work done by the industry to dismantle the six industry-related 'Giovannini Barriers' to post-trading and of the state of play on the nine such Barriers attributed to the public sector. It also provided an overview of other pertinent topics related to post-trading which were discussed by the Group.