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Europe Daily Bulletin No. 9796

4 December 2008
Contents Publication in full By article 13 / 43
GENERAL NEWS / (eu) eu/ecofin council
Financial crisis confirms need to reinforce European rules governing "post-trade" operations

Brussels, 03/12/2008 (Agence Europe) - “The ongoing financial crisis confirms the importance of ensuring safe and sound post-trade infrastructures" and "the EU has to play a leading role in the reshaping of the post-trading foundations of the global financial system", the Ecofin Counsel stated in conclusions it adopted on Tuesday 2 December. It supports the declaration of the European Commission on the need to reduce the risks related to this functioning of the over-the-counter credit...

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