Although the European Union (EU) has implemented initiatives and common rules regarding securities settlements, no similar integration initiatives have been proposed for the issuance and initial distribution of debt securities. The EU does not function as a single market given that issuers of...

The Financial Action Task Force (FATF) is the primary authority for setting standards in the fields of anti-money laundering and countering the financing of terrorism. However, there are legitimate concerns regarding the unintended adverse effects resulting from the expansion of FATF standards....