Brussels, 16/12/2005 (Agence Europe) - On 15 December, the Commission published an assessment report on Directive 1998/26/EC concerning the definitive nature of the regulation. The directive aims to reduce the systemic risk associated with participation in payment and securities settlement systems. The report concludes that the legislation in question works well and the Member States are pleased. The latter consider that the directive improves protection against risk, increases legal...