European closing auction volumes increased heavily over the past years, in particular sincethe introduction of MiFID II in 2018. We show that this increase in closing auction volumesince 2018 is driven by an increase in limit order volume and that it contributes to moreefficient price formation....

1. The regulatory environment : antitrust law and enforcement in the US and the EU -- 2. Oligopoly markets, collusion, and the operation of cartels -- 3. The historical background -- 4. Globalization and corporate collusion -- 5. Collusion in the industrialized world : the structure of the...

The book presents a comprehensive overview of international cooperation between the European National Competition Authorities (NCAs). It consists of fourteen contributions, accompanied by a selection of documents. The papers assembled in the book are of a diverse nature; there are articles,...

Foundations of capital markets legislature in Europe -- Basics of capital markets law -- Market integrity -- Disclosure system -- Trading activities -- Intermediaries -- Financial services -- Organisational requirements for investment firms -- Regulation of benchmarks -- Takeover law -- Conclusion