Brussels, 30/03/2001 (Agence Europe) - The European Commission adopted on Friday a draft Directive to harmonise and simplify the rules on collateral in the European Union. It pursued the two fold objective to increase the liquidity of the collateral markets, due to administrative burdens, and to reinforce the legal security of creditors by reducing the risks linked to the coexistence of fifteen different systems. This proposal is part of the action plan for financial services adopted by the...