This paper focuses on the impact of financial market infrastructures (FMIs) and of their regulation on the post-crisis transformation of securities and derivatives markets. It examines, in particular, the role that trading and post-trading FMIs, and their new regulatory regime, are playing in...

Capital Markets Union in Europe analyses the legal and economic implications of the European Commission's plans to form a Capital Markets Union (CMU) in Europe, which will have a major impact on financial markets and institutions both in the region and beyond. A detailed introductory chapter...

PART I: GENERAL ASPECTS -- Chapter 1: Sustainable Finance in Europe: Setting the Scene; Danny Busch, Guido Ferrarini & Seraina Grünewald -- Chapter 2 : The European Commission’s Sustainable Finance Action Plan and Other International Initiatives; Danny Busch, Guido Ferrarini & Arthur van den...