Council conclusions on Clearing and Settlement

28 November 2006

On it latest meeting the ECOFIN Council welcomed the industry code of conduct on clearing and settlement. Council also took note of the ECB report on TARGET2-securities service for settlement and “invites the FSC to examine issues related to TARGET2-Securities for discussion by the Ecofin Council, prior to a decision on whether to take the initiative forward which is foreseen in February 2007 by the ECB”.

The FSC is invited to report on the state of progress by July 2007. The Economic and Financial Committee is invited to “prepare comprehensive strategic discussions on these issues for the Council in Autumn 2007 and Spring 2008.

Council Conclusion on C&S
Full Council press release

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