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Image header Agence Europe
Europe Daily Bulletin No. 9299
Contents Publication in full By article 18 / 31
GENERAL NEWS / (eu) eu/financial services

Code of conduct on settlement and clearing to be signed next week

Brussels, 03/11/2006 (Agence Europe) - On Tuesday 7 November, EU Internal Market and Clearing and Settlement Industry Commissioner Charlie McCreevy will be signing a non-binding code of conduct to make cross-border settlement and clearing less costly, more competitive and more open.

As announced by the European Commission in July (see EUR OPE 9230), the code of conduct will have four stages. From now until the end of 2006, measures will be adopted to make prices more transparent; from now...

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