ECB jumps into the EU clearing and settlement debate

REGULATORY UPDATE

Frankfurt -- The European Central Bank (ECB) released a consultative report on clearing and settlement systems in the European Union at the beginning of August. It is the most recent organisation to do so -- the EU Commission, the EU Parliament and several other industry groups have all produced working papers, consultation documents, roundtables, hearings and other forms on the subject.

The proliferation of views on how the European Union's clearing and settlement framework should be reform