| ‘Foot dragging’ must not cause Code of Conduct to fail |
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| Charlie McCreevy’s ‘Code of Conduct’ is opening up the market for clearing and settlement, says Pierre Francotte chief executive officer of Euroclear, in an exclusive interview with FINANCE. The ‘Code of Conduct’ which will help to liberate European competition in the post-trade services must succeed to avoid a prescriptive Directive that would slow progress for the industry. Francotte discusses Euroclear’s plans of a Single Platform with the aim of creating a ‘domestic market for Europe’ and looks at other issues in the post-trade environment such as Target2-Securities & the Giovannini Group barriers. |
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