European Banks call for further progress on C+S implementation

10 July 2007

In a joint press release the European Credit Sector Associations comprising the EBF, ESBG and EACB, remind the market infrastructures that a good deal of work is still to be done. The focus now shifts to unbundling and separating accounts, a third and very important pillar in the efforts to make Europe’s post trading industry competitive and attractive. In parallel, work must continue to progressively refine the elements of the Code that have now been prepared and implemented.

The success of the market infrastructures’ endeavours on the results and such an assessment will only be possible in the first half of 2008 at the earliest, when the implementation of the Code has been completed and the formal review period is underway.

Press release

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