Aide memoire of the 7th meeting of the European Financial Markets Lawyers Group

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7th meeting of the European Financial Markets Lawyers Group

Thursday, 15 November 2001

Room CI, 36th floor, at the ECB in Frankfurt

Agenda

ITEM 1: Approval of the agenda and of the aide-mémoire of the last meeting

ITEM 2: Review of legal matters consequent upon 11 September market disruptions

Documents: FMLG paper of 10 October 2001, FX Committee paper of 19 September 2001

ITEM 3: Force majeure

Documents: Definitions; Computer breakdowns: Tentative recommendation of the sub-group; Strikes : Preliminary assessment of the answers to the questionnaire, recommedation, Annex 1a,b,c,d,e,f; Termination and close-out of trades under Master Agreements: Tentative proposal of the sub-group; Multi-branch issue: Presentation of questionnaire

ITEM 4: The role of rating agencies in the EU

Documents: Discussion paper on the revised standard approach and external credit assessment in the context of the review of the Basel Accord, together with a table

ITEM 5: Brief reports from dematerialisation and repurchase transactions sub-groups

ITEM 6: Progress of the draft Directive on financial collateral and short review of the Financial Services Action Plan

Report by ECB staff

ITEM 7: European Contract Law

Document: Commission communication of 13 September 2001

ITEM 8: Corporate Governance in relation to the financial industry in the EU

Documents: Paper, 'Survey of principles, guidelines and rules in the field of corporate governance in Europe'(26 October 2001)

ITEM 9: Issues of relevance to the European Financial Markets

Matters to be mentioned by ECB staff and EFMLG members

ITEM 10: Other matters

•  Website

•  Follow-up

•  Date of next meeting

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