This book provides a reasoned collection of cases and materials that illustrate some of the most important building blocks of EU financial law, including prospectuses, rating agencies, trading venues, short selling, product intervention, auditors, shareholder rights in listed companies,...

The relatively new world of ESG indicators displays many similarities with the original markets for ratings and benchmarks, but it also has some distinguishing features. This paper explores to what extent the regulatory strategies that were developed in ‘traditional’ financial law to support...

Under Solvency II, corporate governance requirements are a complementary, but nonetheless essential, element to build a sound regulatory framework for insurance undertakings, also to address risks not specifically mitigated by the sole solvency capital requirements. After recalling the...

The creation of the European Securities and Markets Authority (ESMA) has marked a major step towards more integrated rulemaking and supervision in the European financial market sector. ESMA organization and operations are strongly influenced by the position of the new Authority within the EU...

MiFID requires investment firms to act in accordance with the best interests of their clients. This overarching principle shapes firms' professional conduct in at least two ways. First, it sets a general standard firms have to comply with when dealing with their clients and its breach may lead...