Press Release: Post-trading markets: Commission encourages applications for new CESAME II Group

The European Commission is to create CESAME II, a follow-up group to the successful Clearing and Settlement Advisory and Monitoring Experts' Group (CESAME; IP/04/935). The new group will, in particular, continue CESAME's work on dismantling the barriers to cross-border post-trading activities, continue co-ordinating the work on establishing common standards in this area as well as monitor their implementation. The group will be composed of practitioners and market participants who are knowledgeable in the post-trading field, i.e. the European and their domestic legal framework, as well as market setup and practices, and are therefore best placed to identify problems and, where applicable, propose (and implement) solutions to remove them. Interested candidates are invited to send an application to the Commission by 30 May 2008.