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Europe Daily Bulletin No. 8446

18 April 2003
Contents Publication in full By article 20 / 37
GENERAL NEWS / (eu) eu/financial services
Second Giovannini report proposes a strategy to improve systems for the clearing and settlement of securities

Brussels, 17/4/2003 (Agence Europe) - The group of financial experts presided over by Alberto Giovannini has put forward a strategy to encourage the integration of cross-border systems for clearing and settlement, concluding transactions on securities and derivatives. In its second report on clearing and settlement, the group has drawn up a list of measures that could be taken to overcome, within three years, the 15 major obstacles identified at the end of 2001. In turn, the report...

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