Capital Markets Union in Europe

by Busch, Danny; Ferrarini, Guido; Avgouleas, Emilios

• ISBN13: 9780198813392
• ISBN10: 0198813392
• Format: Hardcover
• Copyright: 2018-05-01
• Publisher: Oxford University Press

Author Biography

Danny Busch, Professor of Financial Law, Radboud University, Nijmegen,Guido Ferrarini, Professor of Business Law, University of Genoa,Emilios Avgouleas, Chair in International Banking Law and Finance, University of Edinburgh

Professor Danny Busch holds the Chair for Financial Law and is Director of the Institute for Financial Law (IFL), University of Nijmegen, the Netherlands. He is also a Visiting Professor at Universita degli Studi di Genova, Visiting Professor at Universita Cattolica del Sacro Cuore di Milano, and a Member of the Dutch Banking Disciplinary Committee (Tuchtcommissie Banken). Professor Busch has written extensively for OUP, most recently Busch and Ferrarini: Regulation of the EU Financial Markets - MiFID II and MiFIR (OUP, 2017), Busch and Ferrarini: European Banking Union (OUP, 2015) and Van Setten and Busch: Alternative Investment Funds in Europe - Law and Practice (OUP, 2014).

Professor Emilios Avgouleas holds the Chair in International Banking Law and Finance at the University of Edinburgh and is Director of the Edinburgh Commercial Law Centre. He has served as a visiting professor in leading universities and is a Member the Stakeholder Group of the European Banking Authority. His recent publications include Principles of Banking Law (OUP, 2018), Reconceptualising Global Finance (CUP, 2016) and Governance of Global Financial Markets: The Law, the Economics, the Politics (CUP, 2012).

Guido Ferrarini is Professor of Business Law and Capital Markets Law at the University of Genoa, and Director of the Centre for Law and Finance. Professor Ferrarini's most recent publications include Wymeersch, Hopt, and Ferrarini: Financial Regulation and Supervision - A Post-crisis Analysis (OUP, 2012) and Belcredi and Ferrarini: Boards and Shareholders in European Listed Companies (CUP, 2013).

Table of Contents

General Aspects
1. Capital Markets Union after Brexit, Danny Busch, Emilios Avgouleas & Guido Ferrarini
2. CMU and the Deepening of Financial Integration, Diego Valiente
3. A Stronger Role for the European Supervisory Authorities in the EU27, Danny Busch
4. The Future of ESMA and a Single Listing Authority and Securities Regulator for the CMU: Costs, Benefits and Legal Impediments, Emilios Avgouleas & Guido Ferrarini
Brexit
5. Some Apects of the Impact of Brexit in the Field of Financial Services, Eddy Wymeersch
6. Capital Markets Union, Third Countries and Equivalence: Law, Markets and Brexit, Niamh Moloney
7. OTC Derivatives Clearing, Brexit and the CMU, Guido Ferrarini & Davide Trasciatti
Financing Innovation, Start-Ups, Non-Listed Companies and Infrastructure Projects
8. The Role of Financial Innovation in EU Market Integration and the Capital Markets Union: A Re-conceptualisation of Policy Objectives, Emilios Avgouleas
9. Capital Markets Union: Why 'Venture Capital' is not the Answer to Europe's Innovation Challenge, Erik Vermeulen
10. FinTech and Alternative Finance in the CMU: The Regulation of Marketplace Investing, Guido Ferrarini & Eugenia Macchiavello
Raising Capital on the Capital Markets
11. Modernising the Prospectus Directive, Bas de Jong & Thomas Arons
12. Small and Medium Enterprises Growth Markets, Andrea Perrone
13. Initial Public Offerings in the CMU: A U.S. Perspective, Merritt Fox
14. Private Placements in the Capital Markets Union: A Priority Moving in Reverse?, Frank Graaf
15. Damages Actions by Investors on the Back of Market Disclosure Requirements, Paul Davies
Fostering Retail and Institutional Investment
16. Building Blocks of Investor Protection: All-Embracing Regulation Tightens its Grip, Veerle Colaert
17. A Policy Framework for European Personal Pensions, Mark Heemskerk, Rene Maatman & Bas Werker
18. Institutional Investors and Development of Europe's Capital Markets, Zsolt Darvas & Dirk Schoenmaker
19. Cross-border Distribution of Collective Investment Products in the EU, Matteo Gargantini, Carmine di Noia & Georgios Dimitropoulos
Leveraging Banking Capacity to Support the Wider Economy
20. Relief from Prudential Requirements to Support the Capital Markets Union, Bart Joosen & Kitty Lieverse
21. Securitisation in the Capital Markets Union: One Step Forward, Two Steps Back, Gerard Kastelein
22. A Global Perspective on Securitised Debt, Steven Schwarz
Facilitatiting Cross-Border Investing
23. Shareholder Activism in the CMU, Alessio Pacces
24. Efforts to Strengthen the Clearing and Settlement Framework of the Capital Markets Union, Bas Zebregs & Victore de Seriere
25. Preventive Restructuring Frameworks, Michael Veder & Anne Mennens
26. Removing Cross-Border Tax Barriers, Loredana Carpentieri & Stefano Micossi