European Settlement Initiatives - A UK Perspective

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This year two reports have been published in the EU, with the express aim of converging practices and standards. The CESR (EU umbrella body for regulators) published it's proposals in June, whilst the Giovannini Group published its proposals for a harmonisation of standards in April. The impact of these reports could be profound, but do we really understand what they mean to us? Even if we do, will we be able to break free from the traditions and practices that currently separate our

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