EU Prospectus Law

New Perspectives on Regulatory Competition in Securities Markets
Author: Pierre Schammo
Publisher: Cambridge University Press
ISBN: 1139496328
Category: Law
Page: N.A
View: 2266
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Pierre Schammo provides a detailed analysis of EU prospectus law (and the 2010 amendments to the Prospectus Directive) and assesses the new rules governing the European Securities and Markets Authority, including the case law on the delegation of powers to regulatory agencies. In a departure from previous work on securities regulation, the focus is on EU decision-making in the securities field. He examines the EU's approach to prospectus disclosure enforcement and its implementation at Member State level and breaks new ground on regulatory competition in the securities field by providing a 'law-in-context' analysis of the negotiations of the Prospectus Directive.

The Oxford Handbook of European Union Law


Author: Anthony Arnull,Damian Chalmers
Publisher: Oxford University Press, USA
ISBN: 0199672644
Category: Law
Page: 1051
View: 7576
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Since its formation the European Union has expanded beyond all expectations, and this expansion seems set to continue as more countries seek accession and the scope of EU law expands, touching more and more aspects of its citizens' lives. The EU has never been stronger and yet it now appearsto be reaching a crisis point, beset on all sides by conflict and challenges to its legitimacy. Nationalist sentiment is on the rise and the Eurozone crisis has had a deep and lasting impact. EU law, always controversial, continues to perplex, not least because it remains difficult to analyse. Whatis the EU? An international organization, or a federation? Should its legal concepts be measured against national standards, or another norm?The Oxford Handbook of EU Law illuminates the richness and complexity of the debates surrounding the law and policies of the EU. Comprising eight sections, it examines how we are to conceptualize EU law; the architecture of EU law; making and administering EU law; the economic constitution and thecitizen; regulation of the market place; economic, monetary, and fiscal union; the Area of Freedom, Security, and Justice; and what lies beyond the regulatory state. Each chapter summarizes, analyses, and reflects on the state of play in a given area, and suggests how it is likely to develop in theforeseeable future. Written by an international team of leading commentators, this Oxford Handbook creates a vivid and provocative tapestry of the key issues shaping the laws of the European Union.

EU Securities and Financial Markets Regulation


Author: Niamh Moloney
Publisher: OUP Oxford
ISBN: 0191641227
Category: Law
Page: 950
View: 7135
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The Global Financial Crisis has re-ordered how the EU intervenes in the EU financial market, both with respect to regulation and with respect to supervision. After 5 years of a behemoth reform agenda, the new landscape is now clear. Rule-making power has decisively moved to the EU and radical reforms have been made to the organization of supervision. EU Securities and Financial Markets Regulation provides the first comprehensive, critical, and contextual account of the vast new rule-book which now applies to the EU financial market in the aftermath of the seismic reforms which have followed the financial crisis. Topics covered in-depth include the AIFMD, EMIR, the Short Selling Regulation, the new market abuse and transparency regimes, the rating agency regime, the UCITS IV-VI reforms, and MiFID II/MiFIR; the analysis is wide-reaching, extending to secondary legislation and relevant soft law. The book also examines the far-reaching institutional changes which have followed and considers in detail the role and impact of the European Securities and Markets Authority and the potential impact of the Single Supervisory Mechanism for euro area banks on the supervision of the EU financial market. EU Securities and Financial Markets Regulation is the third edition of the highly successful and authoritative monograph first published as EC Securities Regulation. Almost entirely recast and re-written from the 2008 second edition to reflect the changes wrought by the Global Financial Crisis, it adopts the in-depth contextual and analytical approach of earlier editions and so considers the market, political, international, institutional, and constitutional context of the new regulatory and supervisory regime, and the underlying forces which have (and will continue to) shape it.

Between Compliance and Particularism


Author: Marton Varju
Publisher: Springer
ISBN: 3030057828
Category:
Page: N.A
View: 5365
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The Regulatory Aftermath of the Global Financial Crisis


Author: Eilís Ferran,Niamh Moloney,Jennifer G. Hill,John C. Coffee, Jr
Publisher: Cambridge University Press
ISBN: 1107024595
Category: Law
Page: 391
View: 6101
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Provides an unrivalled understanding of major regulatory reforms that will profoundly affect the future of finance.

Prospekt- und Kapitalmarktinformationshaftung

Recht und Reform in der Europäischen Union, der Schweiz und den USA
Author: Klaus J. Hopt,Hans-Christoph Voigt
Publisher: Mohr Siebeck
ISBN: 9783161485480
Category: Law
Page: 1209
View: 9766
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English summary: International breakdowns of major listed companies have triggered the need for effective laws on the liability for capital market information in Germany and Europe. Under the direction of Klaus J. Hopt the Hamburg Max Planck Institute for Private Law has produced an expert opinion for the German Federal Ministry of Finance on prospectus liability in Europe, Switzerland and the United States. This publication also covers the law on the liability for continuing capital market information. German description: Die Krise der New Economy und der Niedergang des Neuen Marktes haben das aktuelle Bedurfnis nach einer wirksamen Kapitalmarktinformationshaftung verdeutlicht. Aus Anleger- und Emittentensicht genugt es nicht, die Publizitatspflichten zu harmonisieren. Vielmehr muss auch ein den Anforderungen der Kapitalmarkte gerecht werdendes Sanktionensystem bei Verletzung der Informationspflichten existieren. Fur eine Mindestharmonisierung des zivilrechtlichen Haftungssystems im Rahmen der Europaischen Union fehlen bislang allerdings systematisch aufbereitete Informationen.Das vorliegende Buch schliesst diese Lucke, indem es - ausgehend von einer detaillierten Bestandsaufnahme des geltenden Rechts in den Mitgliedstaaten der EU, der Schweiz und den USA - Ansatzpunkte fur eine Mindestharmonisierung aufzeigt und dabei okonomische Erwagungen mit einbezieht.

MiFID II

Recht, Praxis, Perspektiven
Author: Doris Wohlschlägl-Aschberger
Publisher: Frankfurt School Verlag
ISBN: 3956471245
Category: Law
Page: 498
View: 6593
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Die europäischen Regelungen der MiFID II sowie der MiFIR und der EMIR stellen die Finanzindustrie vor große Herausforderungen. Mit diesen neuen Normen sollen die Transparenz in den Märkten sowie die Effizienz und Integrität der Finanzmärkte erhöht und neue, auch technische Entwicklungen, erfasst werden. Dies wirkt sich grundlegend auf die Produktgestaltung und den Vertrieb der Institute im Besonderen sowie auf die Marktstruktur im Allgemeinen aus. Damit ergeben sich auch Folgen für die geschäftspolitische Positionierung der einzelnen Marktteilnehmer. Das Buch beschreibt die rechtlichen Grundlagen der MiFID II sowohl auf europäischer als auch auf nationaler Ebene. Darauf aufbauend werden die Auswirkungen der Richtlinie auf den Wertpapierhandel und auf Handelsplätze sowie auf die Anlageberatung und für den Anlegerschutz aus Sicht der Institute thematisiert. Zudem werden die Folgen der MiFID II im Zusammenhang mit der Product Governance auf die Kunden- und Produktstruktur analysiert sowie die Wertpapier-Compliance für die Marktteilnehmer beschrieben. Die Autoren stammen aus Finanzinstituten, aus Rechtsanwaltskanzleien sowie der Aufsicht. Sie beschreiben sowohl den Stand der Umsetzung als auch weiterführende Perspektiven für die praktische Implementierung der MiFID II. Das Buch bietet damit einen lösungsorientierten Ein- und Überblick über zentrale Themen sowie einen Ausblick auf die weitere Entwicklung.

Regulatory Convergence in EU Securities Regulation


Author: Iris H.-Y. Chiu
Publisher: Kluwer Law International B.V.
ISBN: 9041126686
Category: Law
Page: 323
View: 7386
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Offers a new approach to the legal issues raised by the drive for convergence in securities regulation. The author offers an informed and insightful examination of the implications for regulatory and policy design if regulatory convergence were to be rigorously implemented.

Dalhuisen on International Commercial, Financial and Trade Law


Author: Jan Hendrik Dalhuisen
Publisher: Hart Pub
ISBN: N.A
Category: Law
Page: 1150
View: 4092
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The second edition of this uniquely wide-ranging work once again grapples with the dynamic and complex fields of law which make up the modern law of international commerce, finance and trade. As a guide for students and practitioners it is unrivaled.

Dalhuisen on Transnational and Comparative Commercial, Financial and Trade Law


Author: Jan Hendrik Dalhuisen
Publisher: Hart Pub
ISBN: N.A
Category: Law
Page: 1359
View: 8360
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The third edition of this uniquely wide-ranging work once again grapples with the dynamic and complex fields of law that make up the modern law of international commerce, finance and trade. As a guide for students and practitioners it is unrivalled.The original structure has been retained, with an extensive introductory chapter dealing with the sources of modern commercial and financial law in its comparative context, the forces of transnationalisation and the development of the modern law merchant or lex mercatoria as a largely autonomous finance-driven event. Further chapters deal with modern developments in contract, payments, moveable tangible and intangible assets and the emergence of new proprietary rights in them. Later chapters look at finance leases, repos, receivable financings and securitisations, the regulation of cross-border financial services and investment banking practices.From the reviews of previous editions:"The essence of Dalhuisen's contribution is that it synthesizes and integrates diverse bodies of law into a coherent and accessible account...remarkable in its scope and depth. It stands alone in its field not only due to its comprehensive coverage, but also its original methodology. Although it appears to be a weighty tome, in fact, in light of its scope, it is very concise. While providing a wealth of intensely practical information, its heart is highly conceptual and very ambitious. It is likely to become a classic text in its field."Jane K Winn, American Journal of Comparative Law"Dalhuisen's style is relaxed...what he writes convinces without the need for an excess of references to sources...a highly valuable contribution to the legal literature. It adopts a useful, modern approach to teaching the young generation of lawyers how to deal with the increasing internationalisation of law. It is also helpful to the practising lawyer and to legislators."Christina Hultmark Ramberg, Uniform Law Review/Revue de Droit Uniforme"this is a big book, with big themes and an author with the necessary experience to back them up. ... Full of insights as to the theories that underlie the rules governing contract, property and security, it is an important contribution to the law of international commerce and finance."William Blair QC, Law Quarterly Review"Professor Jan Dalhuisen... presents a very different case: that of a civilized and cultivated cosmopolitan legal scholar, with a keen sense of international commercial and financial practice, with an in-depth grounding in both comparative legal history and comparative law, combined with the ability to transcend conventional English black-letter law description with critical judgment towards institutional wisdom and intellectual fashions. ...a wide-ranging, historically and comparatively very deep and comprehensive commentary, but which is also very contemporary and forward-looking on many or most of the issues relevant in modern transnational commercial, contract and financial transactions.."Thomas Wälde, International and Comparative Law Quarterly

Proceedings of the Duke Law Center for International and Comparative Law and Tulane law review symposium

the new European choice-of-law revolution : lessons for the United States?
Author: Duke University. Center for International and Comparative Law,Tulane Law School
Publisher: N.A
ISBN: N.A
Category: Law
Page: 592
View: 2637
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Current developments in financial regulation and capital markets


Author: Stephen L. H. Phua,National University of Singapore. Centre for Commercial Law Studies
Publisher: N.A
ISBN: N.A
Category: Business & Economics
Page: 445
View: 9861
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Practising Law Institute's Annual Institute on Securities Regulation in Europe


Author: N.A
Publisher: N.A
ISBN: N.A
Category: Securities
Page: N.A
View: 5866
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Principles of Financial Regulation


Author: Hogan Lovells Professor of Law and Finance John Armour,Associate Professor of Law and Finance and Academic Director of the Msc in Law and Finance Programme Dan Awrey,Paul Davies,Allen & Overy Professor of Corporate Law Luca Enriques,Richard Paul Richman Professor of Law Jeffrey N Gordon,Peter Moores Professor of Management Studies Colin Mayer,Professor of Corporate Finance Law Jennifer Payne
Publisher: Oxford University Press
ISBN: 0198786476
Category:
Page: 520
View: 6618
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The financial crisis of 2007-9 revealed serious failings in the regulation of financial institutions and markets, and prompted a fundamental reconsideration of the design of financial regulation. As the financial system has become ever-more complex and interconnected, the pace of evolution continues to accelerate. It is now clear that regulation must focus on the financial system as a whole, but this poses significant challenges for regulators. Principles of Financial Regulation describes how to address those challenges. Examining the subject from a holistic and multidisciplinary perspective, Principles of Financial Regulation considers the underlying policies and the objectives of regulation by drawing on economics, finance, and law methodologies. The volume examines regulation in a purposive and dynamic way by framing the book in terms of what the financial system does, rather than what financial regulation is. By analysing specific regulatory measures, the book provides readers to the opportunity to assess regulatory choices on specific policy issues and encourages critical reflection on the design of regulation.

Credit Rating Agencies on the Watch List

Analysis of European Regulation
Author: Raquel García Alcubilla,Javier Ruiz del Pozo
Publisher: OUP Oxford
ISBN: 0191640999
Category: Business & Economics
Page: 320
View: 4095
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Credit rating agencies have been criticized for their role in the financial crisis by understating credit risk. The US subprime mortgage crisis highlighted the systemic relevance of the rating agencies and the deficiencies in their activities; this led to an international consensus to regulate the rating business. Written by those involved in developing European Legislation, this book explains EU Regulation in the context of global initiatives undertaken by the G-20, the Financial Stability Board, and IOSCO to address failures within the rating industry. Through an in-depth analysis of the EU Regulation's requirements on governance, conflicts of interest, methodologies, and transparency, the book provides a clear explanation of how rating agencies operate and how the identified failures have been addressed. Moreover, it examines the supervisory and enforcement powers of ESMA, the EU authority in charge of the registration and oversight of rating agencies. This is complemented with an analysis of guidance from supervisors (ESMA and EBA), IOSCO's recommendations, and US legislation. The book discusses possible new regulatory developments in areas such as the agencies' business model, competition, civil liability, and ratings of sovereign debt, in light of the Euro debt sovereign crisis. It concludes with the authors' support for an enhanced regulatory and oversight coordination at international level and for the implementation of the necessary steps to reduce the existing over-reliance on ratings.

Corporate governance at the crossroads

a book of readings
Author: Donald H. Chew,Stuart L. Gillan
Publisher: McGraw-Hill/Irwin
ISBN: 9780072957082
Category: Business & Economics
Page: 512
View: 560
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Behind today’s startling global spate of corporate scandals lies an even more alarming breakdown in corporategovernance. Corporate Governance at the Crossroads features 40 articles by leading scholars and practitionersthat examine the role of directors, controversial compensation plans, accounting and reporting issues, andmore. Roundtable discussions highlight recent realities and concerns, along with possible solutions.

Foreign Issuers and the U.S. Securities Laws


Author: Nicolas Grabar,Michael Mann
Publisher: N.A
ISBN: N.A
Category: Securities
Page: 588
View: 9859
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