During the last decade, economic integration, geopolitical developments and regulatory change have transformed the European asset management industry. But while the industry has evolved, academic research has not kept pace. During the last ten years or so, the lack of systematic research on the...

Since its inception, the IASB has been able to set standards with relatively little political influence in its governance or standard setting process. But this changed with the outbreak of the global financial crisis. Political bodies began to view accounting standards as a contributing factor...

When the troubles in the subprime markets began surfacing 2007, developments unfolded rapidly in the European MMF industry. The industry suffered from asset price drops and investor redemptions. But the difficulties of the MMF industry also spread to the banking sector and contributed to general...

Using a unique data set on quarterly European net fund flows combined with stock market data drawn from publicly available sources, this article seeks to determine whether stock market performance influences investment fund flows and whether fund flows affect stock market performance. Given that...

In response to the lessons of the global financial crisis, macroprudential policy is now firmly established as a financial policy area to prevent excessive risk taking in the financial sector and mitigate its effects on the real economy. However, macroprudential policy is facing several...