Capital Markets Union: Commission launches consultation on
further reducing barriers to post-trade services across financial
markets
The Commission is launching today a public consultation on how to
improve post-trade services used in financial transactions, including
clearing, settlement and collateral management.
As part of the Capital Markets Union Action Plan,
the Commission is currently reviewing progress made in removing
barriers to post-trade market infrastructure.
This consultation seeks to
gather views on a range of issues including the current state of
post-trade markets, the main trends and challenges faced by post-trade
services providers and users as well as the best ways to remove
barriers, including through financial technology.
On average,
cross-border trades remain more expensive than domestic trades and a
more efficient post-trading environment could reduce such costs.
Vice-President Valdis Dombrovskis, responsible for Financial Stability, Financial Services and Capital Markets Union, said: "Efficient
and integrated post-trade markets are essential for EU financial
markets and for a well-functioning Capital Markets Union. We need to
find the best solutions to remove all barriers to efficient and
resilient post-trade services".
As part of its review, in February
2016 the Commission created a European Post-Trade Forum (EPTF) to assess
the evolution of the EU post-trade landscape and progress in removing
barriers. The EPTF has today published its report which can be found here.
The results of today's consultation will contribute to a Communication
on post-trade planned for the end of 2017, and to future legislative
reviews.
The consultation questionnaire is available here and will remain open until 15 November 2017.
(For more information: Lucia Caudet – Tel.: +32 229 56182; Patrick McCullough – Tel.: +32 229 87183)
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