Stay of execution
The clearing and settlement industry has been given a reprieve from burdensome EU directives. But, as David Benyon discovers, it must work quickly to implement its own code of conduct
The future of the European Union's clearing and settlement framework hangs in the balance. Regulators, investors, and financial services firms recognise the need for integration of the large number of national clearing and settlement platforms across the EU, to provide a smoothly functioning back office to match the EU-wide platform the Markets in Financial Instruments Directive (Mifid) has created. But according to industry experts, progress in achieving the integration of national clearing and
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