ISMA Explores New Frontiers In Clearing And Settlement
RESEARCH & DEVELOPMENT
LONDON--The International Securities Market Association (ISMA) has issued a report that calls for clearance and settlement in Europe to re-focus on the governance, regulation and the legal structure of any new structures that replace Europe's existing central securities depositories (CSD), which it described as an unacceptable patchwork.
The report was written by Brian Scott-Quinn and Julian Walmsley of the ISMA Center at the University of Reading. They believe that a standardized solution is
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