The European Commission - Financial Stability, Financial Services and Capital Markets Union department - have launched a 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.
The purpose of this consultation is to learn stakeholders’ views about the current state of post-trade markets, the main trends and challenges faced by post-trade services providers and their users, and to determine the existence and scale of remaining or new barriers, the risks associated with such barriers and the best ways to address them.
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".
European Post-Trade Forum report
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.
Only responses received through the online questionnaire will be taken into account and included in the report summarising the responses.The consultation questionnaire is available here and will remain open until 15 November 2017.
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