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|c 5.00 USD
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|z 9781451865011
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Kazarian, Elias.
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|a Integration of the Securities Market Infrastructure in the European Union :
|b Policy and Regulatory Issues /
|c Elias Kazarian.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2006.
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|a 1 online resource (27 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2006/241
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2006/241/001.2006.issue-241-en.xml
|z IMF e-Library
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