Lunchtime events
European institutions have been working since long time to harmonise rules and integrate market infrastructure. Settlement cycles have been increasingly converging across asset classes and Europe is becoming a leading region for the resilience of its back office, in particular as a result of the pressure to build a pan-European infrastructure.
In their first trip to Brussels after the adoption of the SEC's new cross-border derivatives rule, Messrs. Bussey and Pan will explain the new rule and speak about on-going international efforts to address gaps, overlaps and conflicts in the implementation of new OTC derivatives rules in the United States, Europe and other jurisdictions.
Over the past five years, OTC derivatives markets have received heightened regulatory attention aiming at improving transparency, reducing counterparty risk and increasing the resilience of this market segment.
With contributions by distinguished scholars from legal and financial backgrounds, this collection of essays analyses four main topics in the corporate governance of European listed firms: (i) board structure, composition and functioning and their interaction with ownership structure; (ii) board remuneration; (iii) shareholder activism and (iv) corporate governance disclosure based on the 'comply or explain' approach.
Socially responsible investments (SRIs) have become an important complement to traditional government aid for global health and development. In the effort to balance a more long-term horizon with wider contextual factors, such as global health and environment, SRIs in recent years have been shaping up in different ways.
Following the entry into force of the EMIR regulation and the technical standards issued by the European Securities and Markets Authority (ESMA), market participants are dealing with a complex list of requirements to be fulfilled at different deadlines in the coming months.
The asset management industry has become the object of intense regulatory action in the past five years, with three objectives: safeguard financial stability, stimulate market-based finance and improve investor protection. The European Commission has been at the centre of this process, which it strives to complete before its current mandate ends.
The excesses of the sub-prime crisis highlighted the dangers of the originate-to-distribute model and led to the dry-up of most securitisation markets in Europe. However, in converting illiquid pools of assets into securities that can be purchased by investors in capital markets, securitisation can play an important role in the long-term financing of industrial and infrastructure projects, as well as SMEs.
Incessant innovation in the financial marketplace and new technological developments have increased the degree of sophistication of trading activities and so the ability of 'villains' to pursue abusive practices.