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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