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Europe Daily Bulletin No. 9800

10 December 2008
Contents Publication in full By article 21 / 37
GENERAL NEWS / (eu) eu/financial services
CESAME group reports on obstacles to harmonisation of clearing and settlement

Brussels, 09/12/2008 (Agence Europe) - On Monday 8 December 2008, the European Commission published the final version of the report by the CESAME group that has been working on removing barriers from the private sector to cross-border clearing and settlement. In 2001, a group of experts, chaired by Alberto Giovanini, identified fifteen technical, legal or fiscal barriers, known as the 'Giovanini Barriers' (see Europe 8099). The CESAME II group was set up in April 2008 to continue to work of...

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