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BUILDING A TRANSATLABUILDING A TRANSATLABUILDING A TRANSATLABUILDING A TRANSATLANTICNTICNTICNTICSECURITIES MARKETSECURITIES MARKETSECURITIES MARKETSECURITIES MARKET
By Benn SteilBy Benn SteilBy Benn SteilBy Benn SteilPublished in cooperation with theCouncil on Foreign Relations, New York
 
BUILDING A TRANSATLABUILDING A TRANSATLABUILDING A TRANSATLABUILDING A TRANSATLANTICNTICNTICNTICSECURITIES MARKETSECURITIES MARKETSECURITIES MARKETSECURITIES MARKET
Published by the International Securities MarketAssociation (ISMA) in cooperation with theCouncil on Foreign Relations, this report hasbeen commissioned by ISMA with a view tocontributing to public awareness of thetransatlantic securities market. All statements,opinions and conclusions contained within thisreport are made in a personal capacity by theauthor, are his sole responsibility and do notrepresent the opinion of ISMA, which has neithertaken an official position on the issues discussed,statements made and conclusions in the report.International Securities Market AssociationRigistrasse 60P.O. BoxCH-8033 Zurichwww.isma.org
BUILDING A TRANSATLABUILDING A TRANSATLABUILDING A TRANSATLABUILDING A TRANSATLANTICNTICNTICNTICSECURITIES MARKETSECURITIES MARKETSECURITIES MARKETSECURITIES MARKET
The Council on Foreign Relations is dedicated toincreasing America’s understanding of the worldand contributing ideas to US foreign policy. TheCouncil accomplishes this mainly by promotingconstructive debates and discussions, clarifyingworld issues, and publishing
Foreign Affairs,
theleading journal on global issues. The Council ishost to the widest possible range of views, butan advocate of none, though its research fellowsand independent task forces do take policypositions.THE COUNCIL TAKES NO INSTITUTIONALPOSITION ON POLICY ISSUES AND HAS NOAFFILIATION WITH THE US GOVERNMENT. ALLSTATEMENTS OF FACT AND EXPRESSIONS OFOPINION CONTAINED IN ALL ITS PUBLICATIONSARE THE SOLE RESPONSIBILITY OF THE AUTHOROR AUTHORS.Council on Foreign Relations58 East 68
th
StreetNew York, NY10021www.cfr.org
 
 
©
International Securities Market Association(ISMA), Zurich, 2002. All rights reserved. Nopart of this publication may be reproduced ortransmitted in any form or by any means withoutpermission from ISMA.
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