Regulating financial markets under uncertainty: the EU approach

Publishers Abstract:
Discusses, with the aid of case studies, the EU's approach to regulating financial instruments since the financial crisis. Reviews the challenges of regulating financial markets, notes the shortcomings of the Lamfalussy regime, and examines the European Securities and Markets Authority's role in delegated and administrative rule-making in respect of: (1) the modified shareholders' disclosure regime under Directive 2013/50; and (2) implementation of key concepts of Directive 2011/61. Assesses the ways in which uniformity can be pursued, and the trade-offs involved in retaining flexibility.

• Primary Source