Brussels, 07/03/2012 (Agence Europe) - EU Internal Market Commissioner Michel Barnier unveiled draft legislation (a draft regulation) on Wednesday 7 March to harmonise the work of the two dozen central securities depositories (CSD) in Europe. The legislation is the last part of the current batch of financial market regulations, along with the updating of the MiFID directive on financial instruments and the draft regulation on derivatives (see below).
CSDs are mainly active post-market in...