Discussions are now starting in earnest in the Council and Parliament on a proposal for a Pan-European Pension Product (PEPP), which fills an important gap in the EU regulatory m
This paper contrasts the investment behaviour of different financial institutions in debt securities as a response to price changes.
At present, capital markets have attained different stages of development throughout Europe, and matching of supply and demand on a cross-border basis is still uneven.
The increased reach of MiFID II compared to MiFID I will pose a significant data collection and analysis challenge, not only to market participants themselves, but also to the re
The failure of Lehman Brothers almost a decade ago showed the shock-absorbing capacity of CCPs.
In this ECMI Working Paper, the authors use a sample of 131 banks and find that the credit support policies of the Eurosystem (i.e.
Distributed Ledger Technology (DLT) is often described as one of the most disruptive innovations of the last decade, with the potential to bring a number of benefits to financial
The financial crisis led to a raft of new or updated EU conduct rules to ensure the orderly functioning of markets and market operators.
Financial crises often arise from a sudden stop to capital flows. One way to limit this danger is to restrict capital flows.
Pre- and post-trade transparency requirements under MiFID II are expected to cause a big bang effect in non-equity markets, especially for bonds and derivatives markets.
The European Commission’s flagship initiative of the Capital Markets Union (CMU) aims to unlock funding for capital markets and find ways of linking investors and savers with gro
Will banks survive the age of digitalisation?
