Following a long, regulatory post-crisis process aiming at restoring confidence and formulating a Single Rulebook, the Commission has, with the ESA review, triggered further supe
The key message was that the capital markets union (CMU) must go beyond the actions set for end-2019.
MiFID II, with its sweeping reforms to financial markets and business practices, is revolutionising the way in which investment research is produced and distributed, with implica
Of all the issues addressed by MiFID II in the EU’s securities markets, its impact will be most pronounced in the portfolio management business.
This report presents the key findings of the 2017 ECMI Statistical Package, a comprehensive database, compiled annually, of developments in European and global capital markets (U
This paper provides the first detailed empirical analysis of the failure of a derivatives clearinghouse: the Caisse de Liquidation, which defaulted in Paris in 1974.
No less than three substantive pieces of EU legislation have been proposed over the eight-month period from November 2016 to June 2017, modifying or complementing the original EM
Background
The recent IMF report Global Financial Stability Report: Is Growth at Risk? was pre
In accordance with Article 1.9 of the Markets in Financial Instruments Regulation (MiFIR) and Article 6.5 of the Market Abuse Regulation (MAR), this study reviews central banks’
China, India and Indonesia are in need of alternative sources of finance.
Contrary to conventional wisdom, this paper contends that the excessive development of capital market finance has been one of the catalysts behind the crises and scandals that ha
