Or, nous constatons que, faute d'une législation appropriée, l'évolution actuelle est biaisée et dangereuse, car on voit se constituer des entités qui cumulent les activités de clearing settlement et des activités bancaires concurrentielles, sans cadre d'intérêt général et au risque, à l'évidence, de fausser la concurrence.
We can see, however, that in the absence of appropriate legislation, the current development is biased and dangerous, as bodies are being formed which carry out both clearing and settlement activities and competing banking activities, with no general interest framework and apparently at risk of distorting competition.
