Europe

Bob McDowall, BTA Consulting

The weaknesses of the Eurosystem

Progress continues, albeit slowly, towards a pan-European equities market. One of the major steps to achieving this objective is cost effective and efficient cross-border clearing and settlement services. Consolidation of national central clearing and settlement services, either through acquisition or linkage cross-border, is seen as an important step to eradicate the inefficiencies and reduce the costs.