The EU’s long-awaited clearing and settlement code of conduct making progress
BRUSSELS – In a step towards the harmonisation of clearing and settlement across the European Union, the signatories of the planned code of conduct for cash equities have provided Charlie McCreevy, European commissioner for the internal markets, with the code’s terms of reference for auditing compliance.
The industry body signatories include the Federation of European Securities Exchanges, the European Association of Central Counterparty Clearing Houses and the European Central Securities Depositories Association.
The three associations have been in regular contact with the European Commission over the past several months to reach the agreement on a common document. The paper can be downloaded from the following link.
More on Operational Risk
Bank pays fine for mortgage fraud in the lead-up to the financial crisis
Free-to-view photographs from the OpRisk Asia 2014 conference
NYDFS proposes bitcoin regulations that experts say go too far
Banking group took state aid, then lied over terms of its repayment
Sign up for Risk.net email alerts
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
Watch discussions and speakers from our North America conference
In the February 2014 editorial video, OpRisk's latest industry survey finds room for improvement in risk management
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.