GBIC comments on the Targeted consultation on the review of the Directive on settlement finality in payment and securities settlement systems

10 May 2021

The Commission reviews how Member States apply the Settlement Finality Directive to their domestic institutions which participate directly in systems governed by the law of a third country and to collateral security provided in connection with participation in such systems. GBIC argues to extend the protection of SFD to all relevant designated Systems. 

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