ECB's Trichet on European financial integration

In the speech 'The process of European financial integration: where do we stand?' given on 13 January Jean-Claude Trichet of the ECB said as regards the further integration of securities (i.e. bonds and equity) markets, a prominent role should be attached to the securities clearing and settlement infrastructure.

"The Eurosystem strongly supports further integration in the securities infrastructure, the lack of which has also been identified by the so-called Giovannini Group as a barrier to

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