IMF paper on integration of the securities market

The IMF Working Paper "Integration of the securities market infrastructure in the European Union: Policy and regulatory issues" 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

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