Abstract
Securities settlement in Europe is still said to be highly inefficient for cross-border transactions. This paper provides an overview of the market, regulation, and recent approaches that aim to improve the efficiency of the cross-border settlement in Europe. The European code of conduct and TARGET2-Securities are identified as primary concerns. The different approaches to improve cross-border clearing and settlement are presented and compared with each other.
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Schaper, T. (2008). Trends in European Cross-Border Securities Settlement – TARGET2-Securities and the Code of Conduct. In: Veit, D.J., Kundisch, D., Weitzel, T., Weinhardt, C., Rabhi, F.A., Rajola, F. (eds) Enterprise Applications and Services in the Finance Industry. FinanceCom 2007. Lecture Notes in Business Information Processing, vol 4. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-78550-7_4
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DOI: https://doi.org/10.1007/978-3-540-78550-7_4
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-78549-1
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