Central Banking

European Commission to propose regulation on CSDs

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The European Commission has announced it will propose regulations on central securities depositories (CSDs) on March 7, 2012.

The Commission said the main objectives of the legislative proposal were: to improve the safety of settlements, especially for cross-border transactions, by ensuring buyers and sellers receive their securities and money on time and with reduced risk; to enhance the efficiency of settlements, in particular for cross-border transactions, by introducing a true internal

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