Giovannini

In its 2003 report, the Giovannini Group, as advisor to the European Commission, published a report identifying 15 barriers to efficient EU cross-border clearing and settlement. The Giovannini Group under the chairmanship of Dr. Alberto Giovannini, CEO of UNIFORTUNE SGR SpA, stated that SWIFT, through the Securities Market Practice Group (SMPG), should define a solution to eliminate Barrier 1, which cites national differences in information technology and interfaces used by clearing and settlement providers. Read more  
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Are you ready to eliminate Giovannini Barrier 1?
New SWIFT discussion paper assesses market readiness for 2011 deadline, and invites industry feedback 

Giovannini high level gap analysis complete
Another milestone achieved towards removing Barrier 1  

New File Transfer Rule Book for comment
Best practice for file transfer to complement Giovannini Protocol Recommendation  
Key milestone reached in the elimination of Giovannini Barrier 1
SWIFT releases communication protocol for European securities clearing and settlement. Download the Elimination of Giovannini Barrier One - Final Protocol recommendation paper.  
Download all industry responses to the draft protocol published in October 2005, listed in alphabetical order: A-J, K-St and Sw-Z.  

Removing Giovannini’s Barrier 1
Preliminary report focuses on standardisation
gaps  
Giovannini Independent Advisory Group - IAG
The minutes and slides from Meeting 3 held on 23 August 2005 are now available.  

Giovannini Barrier 1 Independent Advisory Group completes its task
SWIFT presents draft of communication protocol for Clearing and Settlement in response to Giovannini Report.  
Industry responds to Giovannini consultation paper
Independent advisory group formed to analyse feedback.  

Giovannini Independent Advisory Group - IAG
The minutes and slides from Meeting 2 held on 3/8/05 are now available.  
SWIFT presents protocol framework in response to Giovannini Report
Industry invited to comment.  

Giovannini Report: 15 April deadline
A unique opportunity to shape the future of European clearing and settlement.  
  
More information
Consultation paper
Industry response