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Federal Reserve Bank of New York
Current Issues in Economics and Finance
Securities trading and settlement in Europe: issues and outlook
Linda S. Goldberg
John Kambhu
James M. Mahoney
Lawrence J. Radecki
Asani Sarkar
Abstract

The institutional arrangements for trading and settling securities in Europe remain fragmented along national lines, making cross-border trading costly. Consolidation efforts are under way, however, and major market centers have now emerged in France, Germany, and the United Kingdom. Although the restructuring of trading and settlement systems should bring the European Community closer to its goal of a single capital market, changes in corporate governance and the competitive environment may raise significant regulatory issues.


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Linda S. Goldberg & John Kambhu & James M. Mahoney & Lawrence J. Radecki & Asani Sarkar, "Securities trading and settlement in Europe: issues and outlook" , Federal Reserve Bank of New York, Current Issues in Economics and Finance, volume 8, issue Apr, 2002.
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Keywords: Capital market - Europe ; Securities - Europe ; International finance
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