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Europe Daily Bulletin No. 9724

23 August 2008
(eu) eu/financial services
Expert group makes recommendations to dismantle legal barriers in crossborder securities transactions

Brussels, 22/08/2008 (Agence Europe) - The European Commission's Legal Certainty Group (LCG) has put forward solutions to legal barriers related to the crossborder holding and settlement of securities. In its second report, the advisory group composed of 36 experts from 23 EU member states and chaired by the Commission suggests solutions to 15 specific problems (identified in the Giovannini reports published in 2001 and 2003), which prevent the post-negotiation market from operating as it...