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Image header Agence Europe
Europe Daily Bulletin No. 9146
Contents Publication in full By article 15 / 45
GENERAL NEWS / (eu) eu/financial services

Charlie McCreevy and Neelie Kroes issue final warning to clearing and settlement industry

Brussels, 07/03/2006 (Agence Europe) - EU Internal Market Commissioner Charlie McCreevy and EU Competition Commissioner Neelie Kroes issued a final warning to the clearing and settlement industry on 7 March that the European Commission wants greater competition in the single market for clearing and settlement of securities in the EU, saying 'the present system is untenable. Changes are going to have to be made.' If the EUR 40 bn a year industry does not come up (before the summer) with...

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