C&S 'last chance saloon'


McCreevy, and other EU officials, met with financial services industry executives in February to try and urge banks and other organisations to develop an industry-led solution that will reduce the complexity and costs associated with Europe's clearing and settlement arrangements. Clearing and settlement has been on the table for some time – many see it as the 'back half' of the revolutionary changes wrought by the Markets in Financial Instruments Directive. It is also one of the few areas of

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