Underlying several theories of European integration is the idea that countries' willingness to sign-up to supranational rules is dependent on the expectation and/or realisation of various benefits. In this paper, we explore whether such benefits also affect member states' implementation of these...

This report is part of a series of regular reports published by the Eurosystem's Advisory Group on Market Infrastructures for Securities and Collateral (AMI-SeCo) covering the progress made in defining and assessing compliance with the standards included in the Single Collateral Management...