The European Securities Forum (ESF), which is working for a more efficient European capital market, will continue with its goals to pursue a better infrastructure despite suffering a setback when it failed to produce a single central counterparty for Europe.

Some members of the group of 27 banks and financial institutions are believed to have felt somewhat defeated after the failure of a plan to encourage the merger of Europe's existing central counterparties - Clearnet, the London Clearing House and Eurex Clearing. The committee's Plan B, to create the central counterparty themselves, also failed as the scale of the project was too large and the results uncertain.