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The ECB should not monopolise securities settlement. ECMI Commentary No. 12, 16 January 2007

Lannoo, Karel. (2007) The ECB should not monopolise securities settlement. ECMI Commentary No. 12, 16 January 2007. [Policy Paper]

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    Abstract

    This regulatory commentary argues that as the EU is bringing more competition in securities markets with the implementation of the MiFID directive, and the adoption by the settlement industry of a code of conduct, the ECB is going in the other direction with the creation of a monopoly for securities settlement in the EU. Karel Lannoo sketches four reasons why the TARGET 2 initiative shouldn’t be pursued.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > regulations/regulatory policies
    EU policies and themes > EU institutions & developments > European Central Bank
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECMI Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 21 Nov 2009
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:15
    URI: http://aei.pitt.edu/id/eprint/11622

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