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[null,"1.","Record Nr.",null,"UNINA9910956794403321"]
[null,null,"Autore",null,"Kazarian Elias"]
[null,null,"Titolo",null,"Integration of the Securities Market Infrastructure in the European Union : : Policy and Regulatory Issues / / Elias Kazarian"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2006"]
[null,null,"ISBN",null,"9786613821614"]
[{"$nulls":4},"9781462325580"]
[{"$nulls":4},"1462325580"]
[{"$nulls":4},"9781452724911"]
[{"$nulls":4},"1452724911"]
[{"$nulls":4},"9781282448421"]
[{"$nulls":4},"1282448420"]
[{"$nulls":4},"9781451909548"]
[{"$nulls":4},"1451909543"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"1 online resource (29 p.)"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Soggetti",null,"Securities industry - European Union countries"]
[{"$nulls":4},"Securities - European Union countries"]
[{"$nulls":4},"Banking"]
[{"$nulls":4},"Capacity"]
[{"$nulls":4},"Capital market"]
[{"$nulls":4},"Capital"]
[{"$nulls":4},"Clearing and settlement systems"]
[{"$nulls":4},"Clearing of securities"]
[{"$nulls":4},"Clearinghouses"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Finance: General"]
[{"$nulls":4},"Financial Instruments"]
[{"$nulls":4},"Financial instruments"]
[{"$nulls":4},"General Financial Markets: General (includes Measurement and Data)"]
[{"$nulls":4},"Infrastructure"]
[{"$nulls":4},"Institutional Investors"]
[{"$nulls":4},"Intangible Capital"]
[{"$nulls":4},"Investment & securities"]
[{"$nulls":4},"Investment"]
[{"$nulls":4},"Investments: General"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"Non-bank Financial Institutions"]
[{"$nulls":4},"Pension Funds"]
[{"$nulls":4},"Saving and investment"]
[{"$nulls":4},"Securities markets"]
[{"$nulls":4},"Securities settlement systems"]
[{"$nulls":4},"Securities"]
[{"$nulls":4},"United Kingdom"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"October 2006.\""]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"\"\"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\"\""]
[null,null,null,"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."]