The regulatory and supervisory framework for fixed income markets in Europe, Vol. 1 of 1

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The regulatory and supervisory framework for fixed income markets in Europe

Author:	Dumoulin, Hubert Grignon; Kruse, Mogens;	Collection Title:	Policy, Research working papers series ; no. WPS 3308
Country:	France; Denmark;	Date Stored:	2004/08/02
Document Date:	2004/05/01	Document Type:	Policy Research Working Paper
Language:	English	Region:	Europe and Central Asia
Report Number:	WPS3308	SubTopics:	Environmental Economics & Policies; International Terrorism & Counterterrorism; Payment Systems & Infrastructure; National Governance; Insurance & Risk Mitigation; Financial Intermediation; Fiscal & Monetary Policy; Insurance Law
Volume No:	1 of 1

Summary: look at the development and regulation of fixed income securities markets in Europe. Fixed income securities markets in Europe have historically been characterized by a number of national markets that were interconnected by way of foreign exchange markets. They are presently undergoing major changes in size, infrastructure, and regulation. The authors describe the current state of the ongoing European regulatory and supervisory reform and the main drivers behind it. They conclude that European fixed income securities market regulation and infrastructure are not (yet) homogeneous. In some countries fixed income market regulation has been developed after intense political reflections on ways and means of promoting safe and efficient capital markets. In other countries, fixed income market regulation is a product of learning-by-doing (such as ad hoc reflections based on negative market experiences and financial scandals). To illustrate the heterogeneity in the European fixed income markets, the authors include two examples: France as an example of a country from the euro area, and Denmark as an example of a country outside the euro area.


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 109 pages	Official version*	0.63
	Text	Text version**


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File Type		Description	File Size (mb)

	PDF 109 pages	WPS3308	0.63

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