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Europe Daily Bulletin No. 8433

1 April 2003
Contents Publication in full By article 15 / 35
GENERAL NEWS / (eu) eu/competition
Proceedings launched against Clearstream as part of investigation into cross-border clearing and settlement services

Brussels, 31/03/2003 (Agence Europe) - The European Commission has informed Clearstream Banking AG, as well as its parent company Clearstream International SA, of its preliminary competition concerns. The Commission takes the view that Clearstream Banking AG is the dominant supplier of clearing and settlement services for securities issued according to German law. This dominance stems from the fact that securities issued in accordance with German law in order to have those securities traded...

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