The ECB should not monopolise securities settlement

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Series Details 16 January,2007
Publication Date 16/01/2007
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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.

Source Link Link to Main Source http://www.ceps.eu/
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