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Global Clearing & Settlement – A Plan of Action

PricewaterhouseCoopers has been working as part of the Group of Thirty (G30) study to develop a report proposing a safer and more efficient global system for the clearing and settlement of securities. The report has now been completed. Attached is a copy of a short briefing paper outlining some of the key findings.The G30 is a consultative group on international economic and monetary affairs bringing together leaders from regulators, central banks and private financial institutions.As cross-border transactions in securities impact a variety of other international financial activities such as foreign exchange markets and impact organisations at each stage of the value chain from asset managers through to brokers, custodian banks and infrastructure providers, the G30’s proposals are of far-reaching significance. The system, involving trillions of dollars of transactions, requires significant reforms to boost safety, cut investor costs and raise market efficiency and will have huge implications for the financial services industry. PricewaterhouseCoopers has extensive experience and expertise in this area and through its work with G30 is uniquely positioned to help our clients assess the impact of the recommendations on their business and evaluate their readiness to implement the changes needed.

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• Knowledge Transfer FS
• Risk & Regulation