With the spread of COVID-19 across Europe, governments and central banks are mobilising resources to avoid a deep recession, growing unemployment and corporate failures.
After Brexit, the UK’s financial industry will lose its EU ‘passport’.
As the EU sets its priorities for the next five years, a rigorous assessment of the Capital Markets Union (CMU) and a new focus is required.
Well-functioning, deeper and highly integrated European capital markets are expected to play a greater role in providing alternative corporate funding, better savings/investment
The International Financial Reporting Standards (IFRS) 9 date back to the 2008 financial crisis and, in particular, the ensuing criticism about fair value accounting.
Until the financial crisis hit in 2008, taxation was rarely a matter of international discussion, as it was linked to sovereignty.
All investment firms are currently subject to the prudential requirements primarily designed for banks .
The UK’s withdrawal from the EU is likely to have significant market, political, and policy consequences for the UK financial system, for the single market and the euro area, and
Short-termism in financial markets has been a topic of discussion in academic and policy circles alike, particularly in the wake of the financial crisis.
The key message was that the capital markets union (CMU) must go beyond the actions set for end-2019.
MiFID II, with its sweeping reforms to financial markets and business practices, is revolutionising the way in which investment research is produced and distributed, with implica
The recent IMF report Global Financial Stability Report: Is Growth at Risk? was pre