Broad Stakeholder Group's 5th Implementation Progress Report

The purpose of this report prepared by the Broad Stakeholder Group (of which the European Association of Co-operative Banks is a member) is to inform the European authorities and public-at-large on the state of implementation of the Market Standards for Corporate Actions Processing and the Market Standards for General Meetings. These two sets of market standards aim at dismantling the third barrier to an efficient single European market for clearing and settlement of securities transactions identified by the Giovannini Group. These standards also fit into today’s post crisis agenda as they contribute significantly to the safety and stability of financial markets in establishing ‘state-of-the-art’ principles and rules to reduce operational risk in processing Corporate Actions events.