Regulation. A questionable revolution

Article discusses the proposal of the European Central Bank of July 2006 for the ECB to provide a settlement service of its own for euro-denominated securities.

ECB: Communication on Target2, July 2006 http://www.ecb.int/pub/pdf/other/communicationontarget2200607en.pdf

Euroclear: Target 2 Securities: Euroclear response to ECB Questionnaire, September 2006 https://www.euroclear.com/site/publishedFile/MediaECBresponseT2SJuly08_tcm89-127638.pdf?title=Euroclear%27s+response+to+the+ECB+on+T2S

ECB: Brochure: Target2-Securities, September 2006 http://www.ecb.int/pub/pdf/other/target2_securitiesen.pdf

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