This article outlines the benefits and risks of the distributed ledger technology (DLT) for the clearing and settlement of exchange-traded and OTC securities, followed by a description of the technology’s potential role for central counterparties and central securities depositories. Although...

This paper discusses the European Commission's proposal for a CCP Recovery and Resolution Regulation. In this respect, the article comments the consequences, risks, and attention points for central counterparties and their authorities. This paper focuses on the proposed rules surrounding CCP...

This article provides a holistic overview and discussion of Regulation (EU) 2002/858 on a pilot regime for market infrastructures based on distributed ledger technology. This article focuses on the new type of innovation that this pilot regime creates, namely a new kind of financial market...