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Europe Daily Bulletin No. 9518

9 October 2007
GENERAL NEWS / (eu) eu/financial services
ECOFIN Council says effective pan-European clearing and settlement system is vital

Brussels, 08/10/2007 (Agence Europe) - On Tuesday 9 October, EU finance ministers will adopt conclusions on the clearing and compensation industry, indicating that it is becoming ever more vital to establish effective and secure systems at pan-European level for clearing and settlement, particularly for cross-border securities trading. The conclusions document will discuss current initiatives in the industry following the debate at the Porto meeting (see Europe 9504). The ECOFIN Council will...

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