Includes bibliographical references (pages 271-277) and index.
Plumbers and Visionaries; Contents; List of Tables and Figures; Preface; PART I New problems. New solutions; 1 Settling Securities Across Borders; 2 The Eurobond Market and the New York Settlement Crisis; 3 The ICSDs -- Euroclear and Cedel; 4 Euroclear Fights Back; PART II Winds of Change; 5 New Markets, New Tensions; 6 After the Crash; 7 The Coming of the Euro; PART III An Industry in Ferment; 8 The Rivals; 9 Change at the Exchanges and CSDs; 10 Corporate Manoeuvrings; 11 Euroclear Transformed; 12 Seifert's Silo; 13 Europe with Two Settlement Models; PART IV An Issue for Europe.
14 The EU Reacts15 Setting Parameters; 16 Work in Progress; 17 Frameworks for the Future; 18 Conclusions and Reflections; Appendices; A References and Bibliography; B Key Dates for the Securities Settlement Industry in Europe; C Who's who in the History of European Securities Settlement; D Glossary of Technical Terms; E Postscript; Index.
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Plumbers and Visionaries: Securities Settlement and Europe's Financial Market is a path-breaking account of the history and future of the securities settlement industry in Europe. Written by experienced journalist and author, Peter Norman, this book takes a look at the less visible, but nevertheless critical segment of the global capital markets, following the development of securities settlement across Europe's frontiers. It encompasses the free-wheeling days of the Eurobond market in the 1960s, through the growing integration of the European Union, to the highly regulated and efficient multi.
Plumbers and visionaries.
0470724250
Clearing of securities-- Europe.
Finance-- Europe.
BUSINESS & ECONOMICS-- Investments & Securities-- General.