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E-book
Author Kazarian, Elias G., 1957- author

Title Integration of the securities market infrastructure in the European Union : policy and regulatory issues / Elias Kazarian
Published [Washington, D.C.] : International Monetary Fund, Monetary and Capital Markets Dept., [2006]
©2006
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Description 1 online resource (27 pages)
Series IMF working paper ; WP/06/241
IMF working paper ; WP/06/241
Summary This paper examines the impact of ongoing cross-border integration of securities market infrastructure in the European Union. In particular, it analyzes the regulatory framework that has evolved to deal with the risks associated with cross-border clearing and settlement and concludes that, due to institutionalized deficiencies, the current cross-border regulatory framework may not be adequate or effective in addressing and preventing a real cross-border crisis. The paper proposes a two-tier regulatory framework for securities infrastructure in Europe entailing the creation of a centralized "federal" European regulatory framework for regional systems, in addition to the current national regulatory framework for domestic systems
Bibliography Includes bibliographical references
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Securities industry -- European Union countries.
Securities -- European Union countries.
Form Electronic book
Author International Monetary Fund. Monetary and Capital Markets Department.
ISBN 1282448420
1451909543
9781282448421
9781451909548