European Union countries offer a unique experience of financial regulatory and supervisory integration, complementing various other European integration efforts following the second world war. Financial regulatory and supervisory integration was a very slow process before 2008, despite...

European Union (EU) countries offer a unique experience of financial regulatory and supervisory integration, complementing various other European integration efforts following the Second World War. Financial regulatory and supervisory integration was a very slow process before 2008, despite...

The European Union’s financial supervisory architecture is based on a sectoral model with separate authorities for banking, insurance and securities and markets. New developments in the EU financial sector make this sectoral structure increasingly out of date: •Brexit creates a need for...

Institutional investors, as professional parties, typically hold geographically diversified portfolios of marketable securities. In that way, institutional investors contribute to financial integration and risk sharing in Europe's Capital Markets Union and beyond. Assets managed by institutional...

European Union (EU) countries offer a unique experience of financial regulatory and supervisory integration, complementing various other European integration efforts following the Second World War. Financial regulatory and supervisory integration was a very slow process before 2008, despite...

Integrated capital markets facilitate risk sharing across countries. Lower home bias in financial investments is an indicator of risk sharing. We highlight that existing indicators of equity home bias in the literature suffer from incomplete coverage because they consider only listed equities....

Following the orderly British exit from the European single market in late 2020, the full impact of Brexit on the financial sector has been delayed by risk aversion in the public and private sector alike, in part related to the Covid-19 pandemic. It will take longer than many had anticipated for...