Standard setting and competition in securities settlement

Alistair Milne

No 23/2005, Bank of Finland Research Discussion Papers from Bank of Finland

Abstract: This paper examines the impact of messaging and technical standards on competition in the supply of securities transaction management services. Two simple switching cost models are used to clarify the impact of standards on barriers to entry and on the incentives to adopt harmonised and simplified securities processing standards. Policy implications are discussed briefly.

Keywords: securities settlement; standards; inter-operability; switching costs (search for similar items in EconPapers)
JEL-codes: L15 L86 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofrdp:rdp2005_023

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