This article outlines the benefits and risks of the distributed ledger technology (DLT) for the clearing and settlement of exchange-traded and OTC securities, followed by a description of the technology’s potential role for central counterparties and central securities depositories. Although...

This article outlines the benefits and risks of the distributed ledger technology (DLT) for the clearing and settlement of exchange-traded and OTC securities, followed by a description of the technology's potential role for central counterparties and central securities depositories. Although the...

This article describes the events leading up to the EURIBOR reform and the efforts to make EURIBOR compliant with the European Benchmark Regulation. It also explains the actions undertaken to transition from EONIA towards €STER and the reasoning behind the choice to recalibrate EONIA into...

In this paper, we empirically examine whether buoyant market conditions in the buyout industry can explain the average post-buyout deterioration in target operating performance in Europe during the period 1999–2009. We show that the average industry-adjusted ratio of target EBITDA to sales...

This paper discusses the European Commission's proposal for a CCP Recovery and Resolution Regulation. In this respect, the article comments the consequences, risks, and attention points for central counterparties and their authorities. This paper focuses on the proposed rules surrounding CCP...

This article outlines the benefits and risks of the distributed ledger technology (DLT) for the clearing and settlement phase of the trade life cycle and describes its potential role for central counterparties and central securities depositories. Although the industry is attempting to solve the...

Using a unique dataset containing 3,989,104 transactions of 338,337 individuals conducted between 1 January 2021 and 1 May 2022, this article is the first to explore whether a war, and specifically the Russo-Ukrainian conflict, induced individuals to change their equity positions. The article...

We empirically examine under what conditions lead financiers decide to finance a buyout through a syndicate of multiple investors and how these syndicates are structured, using a unique dataset of 865 European buyouts during 1999-2009. We rely on a theoretical framework that integrates the...