Parliament holds clearing and settlement event: At a lunch event on clearing and settlement, Judith Hardt of the Federation of European Securities Exchanges spoke on the role of the G-20 recommendations. She looked at how the focus of post-trading has shifted from cost efficiency to safety. She highlighted the aspects of EMIR, MiFID and the CRD that MEPs should pay close attention to. She said it is important to avoid unnecessary complexity and too many regulators.