The ECB should not monopolise securities settlement

Karel Lannoo

ECMI Papers from Centre for European Policy Studies

Abstract: 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.

Pages: 2 pages
Date: 2007-01
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Persistent link: https://EconPapers.repec.org/RePEc:eps:ecmiwp:1280

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