Completing the single market in securities trading: A surgical revision of the investment services directive
Over the past decade, European exchanges have undertaken enormous reforms in their trading platforms and internal governance. Automation of trading combined with the internationalization of the major trading institutions has significantly intensified pressures for the consolidation of exchanges and systems. For this process to operate efficiently it is important that unnecessary legal barriers to cross-border competition and consolidation be removed. This requires reform of the Investment Services Directive, to which the European Commission is already committed. This article explains the logic behind the changes which would be required, and recommends a highly targeted revision of the Directive that is likely both to avoid damaging delay in the Council of Ministers and to be effective when implemented.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 3 (2001)
Issue (Month): ()
|Contact details of provider:|| Postal: |
Phone: +1 212 284 8600
Web page: http://www.capco.com/
When requesting a correction, please mention this item's handle: RePEc:ris:jofitr:1270. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Springett)
If references are entirely missing, you can add them using this form.