Full Description
Foundations of EU Capital Markets Law provides a comprehensive exploration of the law relating to EU capital markets, from its foundations as a marginal policy area to becoming a central feature of the EU's economic and political architecture. Filippo Annunziata details the background of this area of EU law, the rationale for financial regulation, its supervisory architecture and its new frontiers.
Drawing on economic theory, regulatory practice and CJEU case law, the textbook covers the entire field of capital markets law in the EU. Chapters explore the historical and institutional evolution of this legislation, alongside key definitions and overarching objectives.
Key Features:
Provides an accompanying bibliography to inspire further research
Assesses core legislation such as MiFID II/MiFIR, UCITS, CSDR and SFTR
Analyses regimes on transparency, market abuse, takeover bids and PRIIPs
Introduces recent developments in sustainability, crowdfunding and digital finance
Examines the factors limiting progress and those contributing to a more integrated and resilient financial system
This accessible textbook is a crucial resource for students of EU financial legislation and European law, as well as finance and banking law more broadly.
Contents
Contents
PART I FOUNDATIONS
1 Introduction
2 Fundamentals of financial regulation
3 The taxonomy of legal sources
4 The supervisory architecture
5 The Savings and Investments Union and the Retail Investment Strategy
PART II CORE LEGISLATION
6 The Markets in Financial Instruments Directive (MIFID II)
7 Trading venues
8 Collective investment undertakings
9 Prudential regulation
10 EMIR, CSDR and the SFTR
PART III ISSUERS, TRANSPARENCY, AND GOVERNANCE
11 The Prospectus Regulation
12 Transparency Directive and Short Selling Regulation: SHRDII
13 The takeover bids Directive
14 PRIIPS
15 Market abuse
16 Sustainable finance and ESG
PART IV NEW FRONTIERS
17 Benchmarks and credit ratings
18 MICAR, DORA, and DLTR
19 Crowdfunding
