G-30 Proposes Global Clearing and Settlement Reforms

The report asserts that these reforms are essential to improve the safety of the international securities system, and are also a way to dramatically reduce the costs incurred by investors as well as raise market efficiency. Says Sir Andrew Large, deputy governor of the Bank of England and head of the steering committee that produced the report, “the cross border area of clearing and settlement has really been quite neglected.”

The recommendations are based on a two-year study completed by Pri

To continue reading...