About us MyEuroclear MENU open search Share Twitter Facebook LinkedIn Capital Markets Union On 30 September 2015, the European Commission launched its CMU Action Plan, which is intended to help build a true single market for capital across the 28 EU Member States. The CMU and the European Post-Trade Forum’s (EPTF) work aims to support more efficient and resilient post-trading systems and collateral markets, and includes reviewing progress in removing Giovannini barriers to cross-border clearing and settlement. 12 March 2018 Press Release Report of the European Post Trade Forum Conflict of Law In case of cross-border transactions, clarity and predictability about which country's law applies to determine who owns the underlying assets of a transaction is of the essence. If there is legal uncertainty over who owns the asset, depending on which country's courts or authorities assess a dispute concerning the ownership of a security, the cross-border transaction might confer the expected legal title on the parties or not. For the Euroclear CSDs, the rules included in the EU Settlement Finality Directive and the EU Financial Collateral Directive include conflict of law provisions which adequately address questions about applicable law for the market participants. Follow us Twitter Facebook LinkedIn Services Euroclear MyEuroclear About us © 2018 Euroclear Disclaimer Privacy and cookie policy Share Twitter Facebook LinkedIn Home About us Careers Contact us Our group Investor Relations News & insights Our responsibility Services We use cookies to remember your login details, collect statistics to optimise site functionality, and to ensure you get the best experience on our website. For more information read our Privacy and Cookie Policy . Choose one of the options below to take control of your cookie settings. I accept the use of cookies on Euroclear.com and MyEuroclear I wish to adapt my cookie settings Save