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The ECB should not monopolise securities settlement

16 January 2007

The ECB should not monopolise securities settlement

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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.


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The ECB should not monopolise securities settlement
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2260 Downloads