Financial Market Infrastructures (by which we mean central counterparties and central security depositories) are often described as the ‘plumbing’ of the financial markets. This helps convey a sense of their criticality to the smooth functioning of global finance. FMIs’ IT systems handle a...

Shareholder engagement has come to be seen to be pivotal to good corporate governance. It is therefore more important than ever for the mechanisms of shareholder engagement to be up to the important task they are meant to perform. Historically, these mechanisms have fallen short because of the...

This book explores the relationship between law and corporate finance. Corporate finance theory seeks to understand how incorporated firms address the financial constraints that affect their investment decisions by using varied financial instruments that give holders different claims on the...