Central securities depository and Liikanen Report: Difference between pages

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(CSD).
A European Union proposal for a regulation to stop the largest banks from engaging in proprietary trading (comparable with the Volcker Rule in the US Dodd-Frank Act).


A facility for holding securities that allows securities transactions to be processed by book entry.
The proposals for the EU would also give supervisors the power to require those banks to separate certain potentially risky trading activities from their deposit-taking business, if the pursuit of such activities was deemed to compromise financial stability.




Physical securities may be immobilised by the depository or securities may be dematerialised (solely recorded as electronic records).  
The proposals are also known as the 'Liikanen rule' or the Barnier-Liikanen rule.


In addition to safekeeping, a central securities depository may produce comparison, clearing and settlement functions.




== See also ==
==See also==
* [[Clearing]]
*[[Dodd-Frank]]
* [[CRESTCo]]
*[[European Union]]  
* [[Euroclear]]
*[[Volcker Rule]]
* [[International Central Securities Depository]]
* [[Securities settlement system]]
* [[Settlement]]
 
[[Category:Cash_management]]

Revision as of 11:04, 8 August 2015

A European Union proposal for a regulation to stop the largest banks from engaging in proprietary trading (comparable with the Volcker Rule in the US Dodd-Frank Act).

The proposals for the EU would also give supervisors the power to require those banks to separate certain potentially risky trading activities from their deposit-taking business, if the pursuit of such activities was deemed to compromise financial stability.


The proposals are also known as the 'Liikanen rule' or the Barnier-Liikanen rule.


See also