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of an Article 36 equivalent for financial services. The result is a European regime with a high degree of internal …
Persistent link: https://www.econbiz.de/10009463693
This chapter asks why and how services that are not previously thought of as tradable have increasingly been opened up … argues that lobbying by producers or users of services cannot fully explain reform nor does EU membership simply constrain … particular, the ability of the government to re-interpret services as regular tradable products combined with new regulation to …
Persistent link: https://www.econbiz.de/10009463700
[From the Introduction]. This paper reviews single market regulation, with particular reference to the financial sector and uses this as a foundation to consider the process whereby a European market is developing. Unlike much previous analysis which has emphasized the role of state interests...
Persistent link: https://www.econbiz.de/10009463725
This ECMI Policy Brief attempts to contribute to the ongoing policy debate on MiFID art. 65.1, which tasks the Commission with conducting a study to report on whether the trade transparency requirements that currently apply to share trading ought to be extended to non-equity markets. It presents...
Persistent link: https://www.econbiz.de/10009463733
As the European Commission is currently in the process of preparing its White Paper on the enhancement of the EU framework for investment funds (scheduled for November 2006), now is a good time to reflect on whether the UCITS framework needs a radical overhaul if the regulatory landscape is...
Persistent link: https://www.econbiz.de/10009463734
The report provides evidence of low protection of companies against the risks of the lack of payment from their buyers and the impact of bad debts in their financial situation, which is especially harmful for SMEs. While most of commercial trade is carried out on the basis of credit, the...
Persistent link: https://www.econbiz.de/10009463736
Public authorities overseeing the International Financial Reporting Standards (IFRS) Foundation, through the Monitoring Board in place sinceearly 2009, should encourage the Foundation to make itself more directlyaccountable to the global investment community. The Monitoring Board should...
Persistent link: https://www.econbiz.de/10009463746
This paper outlines the changing financial scene in The Czech Republic, which is following the global pattern of institutional investors taking over the role of commercial banks as relationship banking is gradually giving way to transaction-driven banking. Investment-grade companies have become...
Persistent link: https://www.econbiz.de/10009463761
This report surveys recent empirical research on the state and development of retail banking integration in Europe. It finds a broad consensus that retail banking integration is still limited, although integration seems to have gained momentum more recently. At the same time, the survey finds...
Persistent link: https://www.econbiz.de/10009463762
This paper argues that transparency-boosting measures specifically tailored to commodity and commodity derivatives markets are much needed. In particular, encouraging the creation of a clearing infrastructure for OTC commodity and commodity derivatives markets would be desirable. Moreover, EU...
Persistent link: https://www.econbiz.de/10009463763