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Title
Securities Trading and Settlement in Europe: Issues and Outlook
Abstract
The institutional arrangements for trading and settling securities in Europe remain fragmented along national lines, making cross-border trading costly. Consolidation efforts are under way, however, and major market centers have now emerged in France, Germany, and the United Kingdom. Although the restructuring of trading and settlement systems should bring the European Community closer to its goal of a single capital market, changes in corporate governance and the competitive environment may raise significant regulatory issues.
Area
Western Europe
Review
Current Issues in Economics and Finance
Volume
8(4)
Author(s)
Goldberg Linda - Research and Market Analysis Group’s International Research Function, FRBNY
Kambhu John - Capital Markets Function, FRBNY
Mahoney James M. - Capital Markets Function, FRBNY
Radecki Lawrence - Payments Studies Function, FRBNY
Sarkar Asani - Capital Markets Function, FRBNY
Language
English
Publisher
Research and Market Analysis Group of the Federal Reserve Bank of New York
Place of Publication
New York
Date of Publication
2002
Number of pages
6
Initial pages
1
Final pages
6

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