Prudential and Oversight Requirements for Securities Settlement

The paper analyses the current national and international regulatory regimes relevant for European banks, CSDs and ICSDs, and compares them with the requirements in order to answer the following questions: Is there any overlap between the provisions of the CPSS-IOSCO. Recommendations and the existing international and national requirements to which European SSSs and banks are subject? Are current provisions equivalent or more restrictive (super-equivalent) for banks and CSDs? In what respect? Does the overlap between the CPSS-IOSCO. Recommendations and existing regulation result in double requirements? This paper presents the results of this comparative analysis and attempts to answer such questions