1.

Record Nr.

UNINA9910956794403321

Autore

Kazarian Elias

Titolo

Integration of the Securities Market Infrastructure in the European Union : : Policy and Regulatory Issues / / Elias Kazarian

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

9786613821614

9781462325580

1462325580

9781452724911

1452724911

9781282448421

1282448420

9781451909548

1451909543

Edizione

[1st ed.]

Descrizione fisica

1 online resource (29 p.)

Collana

IMF Working Papers

Soggetti

Securities industry - European Union countries

Securities - European Union countries

Banking

Capacity

Capital market

Capital

Clearing and settlement systems

Clearing of securities

Clearinghouses

Finance

Finance: General

Financial Instruments

Financial instruments

General Financial Markets: General (includes Measurement and Data)

Infrastructure

Institutional Investors

Intangible Capital

Investment & securities

Investment

Investments: General

Macroeconomics

Non-bank Financial Institutions



Pension Funds

Saving and investment

Securities markets

Securities settlement systems

Securities

United Kingdom

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"October 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. MAIN COMPONENTS OF SECURITIES MARKET INFRASTRUCTURE""; ""III. MAIN ECONOMIC FEATURES""; ""IV. INTEGRATION OF THE SECURITIES MARKET INFRASTRUCTURE IN EUROPE""; ""V. IMPACT OF INFRASTRUCTURE CONSOLIDATION""; ""VI. REGULATORY AND SUPERVISORY RESPONSE""; ""VII. AN ALTERNATIVE APPROACH: A TWO-TIER REGULATORY FRAMEWORK""; ""REFERENCE""

Sommario/riassunto

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.



2.

Record Nr.

UNISANNIOUBO0254537

Autore

Grandinetti, Roberto <1953-    >

Titolo

Impresa transnazionale ed economia globale / Roberto Grandinetti, Enzo Rullani

Pubbl/distr/stampa

Roma, : NIS, 1996

ISBN

8843004360

Descrizione fisica

315 p. ; 23 cm.

Collana

Biblioteca di testi e studi ; 30

Altri autori (Persone)

Rullani, Enzo

Disciplina

337

338.8

338.88

Soggetti

Imprese - Internazionalizzazione

Collocazione

POZZO LIB.ECON MON                51801POZZO LIB.ECON MON                51801POZZO LIB.ECON MON                51801POZZO LIB.ECON MON                518

Lingua di pubblicazione

Italiano

Formato

Materiale a stampa

Livello bibliografico

Monografia