Regulating and Supervising European Financial Markets - More Risks than Achievements
Editors: Andenas, Mads, Deipenbrock, Gudula (Eds.)
With articles from Trude Myklebust and Giuseppe Bianco.
Interdisciplinary state-of-the-art account of pivotal aspects of the European supervisory and regulatory regime for financial markets. Combination of legal, comparative-legal and economic analyses. Contributors from various legal traditions and economic schools. Multiplicity of topics covered showing the manifold implications and effects of the European supervisory and regulatory regime for financial markets.
The book analyses the institutions of the European financial market supervision and the challenges of financial markets. The current European supervisory structure for financial markets represents a major development in European supervisory history. Its operation however has to be explored and analysed critically. Has it gone far enough to provide a sufficiently comprehensive and resilient system to reduce or mitigate systemic risks and handle financial crises? Some claim it has gone too far already.
Fresh and rigorous critical legal and economic analysis from an independent scholarly perspective are needed to assess whether the institutional design of the European supervisory architecture has proved itself to be an efficient and effective model. This book discusses many dimensions of the structure and workings of the European system from various angles providing different dimensions. The book makes an important contribution to the limited literature on financial market supervision.