CEPS © 2020

The European Green Deal after Corona Implications for EU climate policy
Policy Contribution

The ECB should not monopolise securities settlement

16 January 2007

The ECB should not monopolise securities settlement

Download Publication

2290 Downloads

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.


About the Author


The ECB should not monopolise securities settlement
Download Publication

2290 Downloads