D. OPERATION, SUPERVISION AND TRANSPARENCY OF CAPITAL MARKETS
{"Image DocumentName": "D. OPERATION, SUPERVISION AND TRANSPARENCY OF CAPITAL MARKETS", "Image ImageDescription": "7. Clearing and settlement in the EU. Aim: The shaping of a single market at Community level for the clearing and. settlement systems. For this purpose, the following initiatives are under way at Community level: Giovannini reports, in which 15 barriers (tax, legal and technical) that must be eliminated to render feasible the creation of a single clearing and settlement systems market are identified and a tentative timetable is drawn. Compilation of 19 standards by a joint working group of ESCB and CESR which will be applied by CSDs and depositaries. T2S Project: initiative of the ECB; securities and cash accounts in one platform; it concerns only the settlement function of CSDs (see also page 35) European Code of Conduct for Clearing and Settlement.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}