Current Issues in Economics and Finance
Securities Trading and Settlement in Europe: Issues and Outlook
April 2002 Volume 8, Number 4
JEL classification: G15, G24

Authors: Linda Goldberg, John Kambhu, James M. Mahoney, Lawrence Radecki, and Asani Sarkar

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.

PDF full articlePDF 6 pages / 64 kb
Press release
tools
Related New York Fed Content
By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.   Close