Press Release: Securities’ Clearing and Settlement: Meeting of Commissioner Charlie McCreevy and Dr. Alberto Giovannini with industry leaders

Report from a meeting on 21 February 2006 between the European Commissioner for the Internal Market and Services, Charlie McCreevy, and 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. 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.

European Commission: DG Internal Market: Financial Services: Financial Market Infrastructures: Clearing and settlement http://ec.europa.eu/internal_market/financial-markets/clearing/index_en.htm

---