D. Jurevičienė, Doctor of Sciences (Economics), Professor Mykolas Romeris University, Vilnius (Lithuania), M. Borovikova, PhD, Assistant Taras Shevchenko National University of Kyiv, Kyiv IMPROVEMENT OF THE SECURITIES SETTLEMENT SYSTEM IN THE EUROPEAN UNION

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The financial crisis and recession in Europe have made it necessary to improve the system of regulation of the stock market, including the settlement of securities transactions. The paper constitutes the existing features of securities settlement in the stock markets of the EU and presents the measures and proposals to improve the settlement of securities transactions.

Keywords: stock market, financial infrastructure, central securities depositories, securities.

DOI: http://dx.doi.org/10.17721/1728-2667.2014/154-1/8

References
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  2. Bank for International Settlements. Recommendations for securities settlement systems. 2001. – http://www.bis.org/ publ/cpss42.pdf
  3. European Central Bank. Standards for the use of EU securities settlement systems in ESCB credit operations. 1998. – http://www.ecb.int/pub/pdf/othemi/sssstandards1998en.pdf
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  5. European Commission. Proposal for a regulation of the European parliament and of the council on improving securities settlement in the European Union and on central securities depositories (CSDs) and amending Directive 98/26/EC. 2012. – http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:52012PC0073:EN:PDF
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