Comparing European And U S Securities Regulations

Author : Tanja Boskovic,Caroline Cerruti,Michel Noel
Publisher : World Bank Publications
Page : 184 pages
File Size : 47,5 Mb
Release : 2010-01-12
Category : Law
ISBN : 0821382543

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Comparing European and U.S. Securities Regulations by Tanja Boskovic,Caroline Cerruti,Michel Noel Pdf

This paper, aimed at professionals, scholars, and government officials in the field of securities regulations, compares the European (specifically the Market in Financial Instruments Directive MiFID) and U.S. securities regulations. The analysis focuses on the regulatory and supervisory framework, trading venues, and the provision of investment services. We show that although there may be regional differences in the structure and rules of current securities regulation, the objectives and some outcomes of regulation are comparable. Similarly, as the current global financial and economic crisis exposed gaps in securities regulations worldwide, regulators in both regions face similar challenges. This study will be particularly useful for World Bank member countries that are looking at either the European or U.S. regulations when conducting market reforms.

Author : Tanja Bošković
Publisher : Unknown
Page : 0 pages
File Size : 51,8 Mb
Release : 2010
Category : Securities
ISBN : LCCN:2010287239

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Comparing European and U.S. Securities Regulations by Tanja Bošković Pdf

Author : Anna-Carina Salger
Publisher : Walter de Gruyter GmbH & Co KG
Page : 318 pages
File Size : 50,9 Mb
Release : 2020-01-20
Category : Law
ISBN : 9783110661873

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Dark Trading by Anna-Carina Salger Pdf

This book explores the pressing topic of dark trading. Following new EU legislation regulating financial markets (MiFID II and MiFIR), it traces the development of off-market securities trading (“dark trading”), analyzes economic studies of this development, and positions the resulting regulatory framework of the EU over against that of the US. The study closes with proposals for reform that provide new impetus for further academic discussion.

Author : Junghoon Kim
Publisher : Springer Nature
Page : 375 pages
File Size : 44,6 Mb
Release : 2020-12-03
Category : Business & Economics
ISBN : 9789811573293

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Strategies of Financial Regulation by Junghoon Kim Pdf

This book analyses different strategies and their results in implementing financial regulation in terms of rule-making, public enforcement and private enforcement. The analysis is based on a comparative study of conduct of business regulation on mis-selling of financial instruments in the UK and South Korea. It extends into liquidity regulation in the banking sector and credit rating agency regulation. The book concludes that in rule-making, purposive rules are more effective for achieving regulatory goals with minimal undesirable results, but a rule-making system with purposive rules can only work on a foundation of trust among rule-makers, enforcers and the regulates, that with respect to public enforcement, the enforcement strategies should combine the compliance-oriented and deterrence-oriented approaches and be continuously adjusted based on close monitoring of the regulatory outcomes and that in private enforcement, regulation should be instituted as the minimum requirement in private law.

Author : Petri Mäntysaari
Publisher : Walter de Gruyter GmbH & Co KG
Page : 895 pages
File Size : 52,8 Mb
Release : 2021-12-31
Category : Law
ISBN : 9783110761108

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Stocks for All: People’s Capitalism in the Twenty-First Century by Petri Mäntysaari Pdf

Public stock markets are too small. This book is an effort to rescue public stock markets in the EU and the US. There should be more companies with publicly-traded shares and more direct share ownership. Anchored in a broad historical study of the regulation of stock markets and companies in Europe and the US, the book proposes ways to create a new regulatory regime designed to help firms and facilitate people’s capitalism. Through its comparative and historical study of regulation and legal practices, the book helps to understand the evolution of public stock markets from the nineteenth century to the present day. The book identifies design principles that reflect prior regulation. While continental European company law has produced many enduring design principles, the recent regulation of stock markets in the EU and the US has failed to serve the needs of both firms and retail investors. The book therefore proposes a new set of design principles to serve contemporary societal needs.

Author : Frank J. Fabozzi,Frank J. Jones
Publisher : MIT Press
Page : 1105 pages
File Size : 41,8 Mb
Release : 2019-04-30
Category : Business & Economics
ISBN : 9780262039543

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Foundations of Global Financial Markets and Institutions, fifth edition by Frank J. Fabozzi,Frank J. Jones Pdf

A thoroughly revised and updated edition of a textbook for graduate students in finance, with new coverage of global financial institutions. This thoroughly revised and updated edition of a widely used textbook for graduate students in finance now provides expanded coverage of global financial institutions, with detailed comparisons of U.S. systems with non-U.S. systems. A focus on the actual practices of financial institutions prepares students for real-world problems. After an introduction to financial markets and market participants, including asset management firms, credit rating agencies, and investment banking firms, the book covers risks and asset pricing, with a new overview of risk; the structure of interest rates and interest rate and credit risks; the fundamentals of primary and secondary markets; government debt markets, with new material on non-U.S. sovereign debt markets; corporate funding markets, with new coverage of small and medium enterprises and entrepreneurial ventures; residential and commercial real estate markets; collective investment vehicles, in a chapter new to this edition; and financial derivatives, including financial futures and options, interest rate derivatives, foreign exchange derivatives, and credit risk transfer vehicles such as credit default swaps. Each chapter begins with learning objectives and ends with bullet point takeaways and questions.

Author : Niamh Moloney,Eilís Ferran,Jennifer Payne
Publisher : OUP Oxford
Page : 900 pages
File Size : 54,5 Mb
Release : 2015-08-27
Category : Law
ISBN : 9780191510861

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The Oxford Handbook of Financial Regulation by Niamh Moloney,Eilís Ferran,Jennifer Payne Pdf

The financial system and its regulation have undergone exponential growth and dramatic reform over the last thirty years. This period has witnessed major developments in the nature and intensity of financial markets, as well as repeated cycles of regulatory reform and development, often linked to crisis conditions. The recent financial crisis has led to unparalleled interest in financial regulation from policymakers, economists, legal practitioners, and the academic community, and has prompted large-scale regulatory reform. The Oxford Handbook of Financial Regulation is the first comprehensive, authoritative, and state of the art account of the nature of financial regulation. Written by an international team of leading scholars in the field, it takes a contextual and comparative approach to examine scholarly, policy, and regulatory developments in the past three decades. The first three parts of the Handbook address the underpinning horizontal themes which arise in financial regulation: financial systems and regulation; the organization of financial system regulation, including regional examples from the EU and the US; and the delivery of outcomes and regulatory techniques. The final three Parts address the perennial objectives of financial regulation, widely regarded as the anchors of financial regulation internationally: financial stability, market efficiency, integrity, and transparency; and consumer protection. The Oxford Handbook of Financial Regulation is an invaluable resource for scholars and students of financial regulation, economists, policy-makers and regulators.

Author : Marc Steinberg
Publisher : Springer
Page : 368 pages
File Size : 53,7 Mb
Release : 1999-08-12
Category : Business & Economics
ISBN : STANFORD:36105060439119

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International Securities Law by Marc Steinberg Pdf

The globalisation of the securities markets, rapid technological advancement, the perpetration of widespread cross-border fraud and the proliferation of emerging capital markets have made international financial law an increasingly important area of regulation, practice and research. Its significance will continue to grow in the 21st century, making the advent of a book focusing on developments in international securities law extremely timely. Key topics covered in this book include disclosure requirements, insider trading regulation, global offerings, transnational regulatory co-operation, the role of the International Organization of Securities Commissions (IOSCO), memoranda of understanding and emerging capital markets. Discussion of these issues is supported by examination of the law and policy in numerous countries, including developed and emerging capital markets. The author makes detailed analysis of applicable legal principles with regard to a wide range of topics, discusses proposed standards for law reform and makes recommendations to enhance international cooperation.

Author : Antonio Marcacci
Publisher : Palgrave MacMillan
Page : 414 pages
File Size : 50,9 Mb
Release : 2019-07-25
Category : Electronic
ISBN : 3030079856

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Regulating Investor Protection Under Eu Law by Antonio Marcacci Pdf

This book analyzes the legal system for the protection of retail investors under the European Union law of investment services. It identifies the regulatory leitmotiv driving the EU lawmaker and ascertains whether and to what extent such a system is self-sufficient, using a set of EU-made and EU-enforced rules that is essentially different and autonomous from the domestic legal orders. In this regard, the book takes a double perspective: comparative and intra-firm. Given the federal dimension of the US legal system and, thus, the "role-model" it plays vis-à-vis the EU, the book compares the two systems. To fully highlight the existing gaps and measure how self-sufficient the EU system is against its American counterpart, the Union/Federal level as such is analyzed - i.e., detached from the national (in EU terms) and State (in US terms) level. Regulating Investor Protection under EU Law also showcases the unique intra-firm perspective from a European investment firm and analyzes how EU-produced public-law rules become a set of compliance requirements for investment services providers. This "within-the-firm" angle gauges the self-sufficiency of the EU system of retail investor protection from the standpoint of an EU-regulated entity. The book is intended for both compliance professionals and academic scholars interested in this topic while also including illustrative sections intended to provide a broader regulatory view for less-experienced readers.

Author : Barbara Gabor
Publisher : Edward Elgar Publishing
Page : 349 pages
File Size : 47,6 Mb
Release : 2013-01-01
Category : Law
ISBN : 9781781003381

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Regulatory Competition in the Internal Market by Barbara Gabor Pdf

"Regulatory competition within Europe and internationally, operates in several fields with different outcomes. This book offers a comparative legal and economic analysis of corporate, securities and competition law, exploring the reasons behind such differences. The books conceptual framework covers the most relevant drivers of competition, including legal actors incentives, channels of competition and governance design. It shows how the different drivers and institutional designs are shaping competitive interactions, drawing relevant conclusions for both general and field specific regulatory policy. Providing a comparative analysis of regulatory competition in three legal fields, this book will be a valuable resource for researchers and academics in law, economics and political science, as well as policymakers legislator, regulator, judiciary at both national and European levels."--Publisher

Author : Jerry W. Markham,Rigers Gjyshi
Publisher : Edward Elgar Publishing
Page : 563 pages
File Size : 55,5 Mb
Release : 2014-07-31
Category : Business & Economics
ISBN : 9781782540076

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Research Handbook on Securities Regulation in the United States by Jerry W. Markham,Rigers Gjyshi Pdf

This fascinating Handbook provides a clear explanation of the securities market regulation regime in the United States. A diverse set of contributors offer a comprehensive overview of the regulatory process, Dodd-Frank, the principal securities statute

Author : John Armour,Dan Awrey,Paul Davies,Luca Enriques,Jeffrey N. Gordon,Colin Mayer,Jennifer Payne
Publisher : Oxford University Press
Page : 520 pages
File Size : 51,6 Mb
Release : 2016-08-04
Category : Law
ISBN : 9780191090059

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Principles of Financial Regulation by John Armour,Dan Awrey,Paul Davies,Luca Enriques,Jeffrey N. Gordon,Colin Mayer,Jennifer Payne Pdf

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.

Author : Klaus J. Hopt
Publisher : Oxford University Press
Page : 1304 pages
File Size : 48,6 Mb
Release : 1998
Category : Business & Economics
ISBN : 0198268882

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Comparative Corporate Governance by Klaus J. Hopt Pdf

"This book goes back to a symposium held at the Max Planck Institute for Foreign Private and Private International Law in Hamburg on May 15-17 1997"--P. [v].

Author : Carsten Gerner-Beuerle,Michael Anderson Schillig
Publisher : Oxford University Press
Page : 1088 pages
File Size : 51,7 Mb
Release : 2019-05-06
Category : Law
ISBN : 9780191059087

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Comparative Company Law by Carsten Gerner-Beuerle,Michael Anderson Schillig Pdf

Comparative Company Law provides a systematic and coherent exposition of company law across jurisdictions, augmented by extracts taken from key judgments, legislation, and scholarly works. It provides an overview of the legal framework of company law in the US, the UK, Germany, and France, as well as the legislative measures adopted by the EU and the relevant case law of the Court of Justice. The comparative analysis of legal frameworks is firmly grounded in legal history and legal and economic theory and bolstered by numerous extracts (including extracts in translation) that offer the reader an invaluable insight into how the law operates in context. The book is an essential guide to how company law cuts across borders, and how different jurisdictions shape the corporate lifespan from its formation by way of incorporation to its demise (corporate insolvency) and eventual dissolution. In addition, it offers an introduction to the nature of the corporation, the framework of EU company law, incorporation and corporate representation, agency problems in the firm, rights of stakeholders and shareholders, neutrality and defensive measures in corporate control transactions, legal capital, piercing the corporate veil, and corporate insolvency and restructuring law.

Author : Herwig C.H. Hofmann,Alexander H. Türk
Publisher : Edward Elgar Publishing
Page : 635 pages
File Size : 40,9 Mb
Release : 2006-01-01
Category : Political Science
ISBN : 9781845429966

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EU Administrative Governance by Herwig C.H. Hofmann,Alexander H. Türk Pdf

This book is a unique contribution to the understanding of the reality of government and governance in the European Union.