There is widespread consensus that the 15 barriers identified in the 2 Giovannini reports are the primary reasons for the higher relative costs of cross border clearing and settlement: these barriers cover differences in technical requirements, market practices, legal rules and tax procedures.
There is widespread consensus that the 15 barriers identified in the 2 Giovannini reports are the primary reasons for the higher relative costs of cross border clearing and settlement: these barriers cover differences in technical requirements, market practices, legal rules and tax procedures.