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Image header Agence Europe
Europe Daily Bulletin No. 9230
Contents Publication in full By article 17 / 31
GENERAL NEWS / (eu) eu/financial services

Charlie McCreevy favours initiative from industry and not one from legislature for clearing and settlement

Brussels, 11/07/2006 (Agence Europe) - “It is not our role to impose a particular model on the market. The Commission's role is to ensure the markets work efficiently,” said Charlie McCreevy, the internal market commissioner, on 11 July as he presented his policy options on the future development of the clearing and settlement sectors, firstly to the EP economic and financial affairs committee, then to the Ecofin Council. In order to increase competition in the “post market” sector,...

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