failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these … contexts. In federal securities regulation, the EMH has offered a theoretical construct to accompany the general belief in the …

This paper focuses on the impact of financial market infrastructures (FMIs) and of their regulation on the post … FMIs, and focuses on the dichotomy between the ‘systemic risk’ and ‘transaction costs’ approaches to financial markets and … FMIs regulation. By reviewing the current move from ‘private’ markets to ‘public’ markets internationally, and with respect …

This is a chapter for a forthcoming volume Oxford Handbook of Financial Regulation (Oxford University Press 2014) (eds …. Eilís Ferran, Niamh Moloney, and Jennifer Payne). It provides an overview of EU financial regulation from the first banking … the accommodation of cross-border capital flows and their regulation necessarily require an orchestration of the …

banks, other authors, among whom Ross Levine and his co-authors from the World Bank, question heavily the present banking …

This paper analyzes the relationship between board structure, in terms of board size and composition, and bank …, bank performance is proxied by both cost and profit efficiency, measures that present considerable advantages over simple … profit efficiency is non-linear. Finally, introducing risk-taking (credit risk) as an interaction component of board size and …

independent member inside the board of directors and the audit committee, the higher the bank efficiency. Conversely, the CEO … duality reduces the bank cost efficiency. …