Final Report on the Work of the Task Force on Securities Holding Infrastructure: Part Two

Document Type

Article

Publication Date

8-29-2024

Abstract

  • Part Two of the Report provides a very brief overview of the intermediated securities holding infrastructure and the problems associated with the infrastructure—matters addressed in detail in Part One.
  • Part Two then offers a major contribution contemplated by the Mission Statement. It explores various plausible means of addressing the identified problems associated with the infrastructure.
  • It also summarizes the important areas on which there is a consensus, or at least strong support, among those who participated in the Task Force. Then it outlines the various challenges and obstacles facing any implementation of various means for addressing the problems.
  • Finally, the principal recommendation of this Report for an independent benefit-cost analysis and study of the securities holding infrastructure is discussed.

Keywords

intermediated securities holding, financial infrastructure, securities markets, transparent and direct-holding infrastructure, fintech, beneficial ownership, intermediary risk

Publication Title

Business Lawyer

Publication Citation

79 BUS. LAW. 679 (2024)

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