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This paper reviews the factors that will determine the shape of financial markets under EMU. It argues that financial markets will not be unified by the introduction of the euro. National central banks have a vested interest in preserving local idiosyncracies (e.g. the Wechsels in Germany) and...
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takes place in London, hence outside the EU in the foreseeable future. For some time there has been a controversial … and are systemically relevant from an EU perspective, should be subject to direct supervision by EU authorities and should … be established in the EU. This would represent an important building block for a future Capital Markets Union in Europe …
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In the context of the upcoming Brexit, a relocation of the clearing of euro-OTC derivatives for EU-based firms is the … ein EU-CCP diskutiert. Das vorliegende Papier zeigt, dass die bislang vorliegenden Kostenschätzungen, die von Kosten in …
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