Konsolideringen af den europæiske værdipapirinfrastruktur fortsatte i 2004 med fusionen mellem den finske og den svenske værdipapircentral.
SECURITIES CLEARING AND SETTLEMENTINFRASTRUCTUREIn April 2004 the European Commissionreleased a communication on clearing andsettlement for public consultation, outliningthe actions that it intends to take to foster European integration and efficiency in thisarea.