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| Author: | Dale, R. |
| Title: | Clearing and settlement risks in global securities markets: the case of euroclear |
| Journal: | Journal of Business Law
1998 : SEP, 5, p. 434-453 |
| Index terms: | LAW RISK STOCK MARKETS |
| Language: | eng |
| Abstract: | Against a background of rapid expansion in cross-border financial activity, the systemic risk associated with payments, settlement and clearing systems has in recent years attracted increasing attention from regulators worldwide. These concerns have focussed on large large-value interbank payment systems, foreign exchange markets, securities settlement and clearing and derivatives exchanges and clearing houses. This article focuses on the securities settlement procedures and risk controls adopted by Euroclear. |
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