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Autore: |
Kazarian Elias
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Titolo: |
Integration of the Securities Market Infrastructure in the European Union : : Policy and Regulatory Issues / / Elias Kazarian
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Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
Descrizione fisica: | 1 online resource (29 p.) |
Soggetto topico: | Securities industry - European Union countries |
Securities - European Union countries | |
Finance: General | |
Infrastructure | |
Investments: General | |
Pension Funds | |
Non-bank Financial Institutions | |
Financial Instruments | |
Institutional Investors | |
General Financial Markets: General (includes Measurement and Data) | |
Investment | |
Capital | |
Intangible Capital | |
Capacity | |
Finance | |
Investment & securities | |
Macroeconomics | |
Securities | |
Securities settlement systems | |
Clearing and settlement systems | |
Securities markets | |
Financial instruments | |
Clearing of securities | |
Clearinghouses | |
Banking | |
Saving and investment | |
Capital market | |
Soggetto geografico: | United Kingdom |
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. |
Titolo autorizzato: | Integration of the Securities Market Infrastructure in the European Union ![]() |
ISBN: | 1-4623-2558-0 |
1-4527-2491-1 | |
1-282-44842-0 | |
1-4519-0954-3 | |
9786613821614 | |
Formato: | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910788525303321 |
Lo trovi qui: | Univ. Federico II |
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