October 2014

Yves Merch, ECB: A monetary policy perspective on a CMU in Europe

Speaking to the European Investment Bank and International Monetary fund, Yves Merch calls for changes to the regulatory treatment of ABS, insolvency law, and payment and settlement systems. 

“Despite much progress over the past decade, securities settlement in the Euro area remains fragmented, inefficient and not very customer-friendly. This is not just a problem for smaller businesses, for which adapting to different conditions in the Member States often entails high costs, but also for the integration and functioning of the single market as a whole.”

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