GBIC response to the public consultation on post-trade in a Capital Market Union
The German Banking Industry Committee (GBIC) published a response to the public consultation on post-trade in a Capital Market Union: dismantling barriers and strategy for the future. In light of the current large group of changes in European market structures (such as T2S, MiFID II, CSDR etc.) that have yet to show whether they deliver their intended effect, GBIC would like to encourage the European Commission to carry out quantitative studies to analyse whether any market deficiencies continue to exist after implementation of the post-crisis regulation. GBIC highly appreciates the conclusions laid down in the EPTF report. However, redundant and/or parallel work streams should be avoided.