Christian Kopf and Miranda Xafa propose three measures to enhance the functioning of the Greek government debt market, enabling it to reduce the face value and the net present va
This ECMI-CEPS Policy Brief reviews key aspects of the new financial paradigm in a transatlantic perspective, focusing on the general approach in EU and US legislation in respons
After more than a decade of indecision, the EU is finally now set to implement a consistent regulatory architecture for clearing and settlement.
In 2011, an EU legislative package on market abuse was proposed, which comprises two sets of documents: 1) a draft Regulation that will largely replace the existing Market Abuse
As the Eurozone debt crisis reaches a turning point, ECMI Research Fellow Diego Valiante argues for a more organised intervention by the ECB to stop contagion through the creatio
Research Fellow Diego Valiante offers his insights into the motivations, potential synergies and implications of the proposed merger between NYSE Euronext and Deutsche Börse, whi
Despite having singled out credit rating agencies (CRAs) early on in the financial crisis as needing more regulation, policy-makers in the EU seem not to be reassured by the meas
In their assessment of the Markets in Financial Instruments Directive (MiFID), adopted by the EU in April 2004 and implemented at Member State level by the end of 2007, Karel Lan
The European asset management industry is feeling squeezed from all sides, as a result of growing prudential, product and conduct regulation.
Since 2003, the EU and the US have conducted a vibrant regulatory dialogue on financial regulation, but domestic priorities seem to have taken precedence in response to the finan
The financial crisis has sharpened the debate on Europe’s back office architecture.
Credit ratings are a quasi-public good, and investors and financial markets regulators need an independent assessment of the credit-worthiness of an issuing entity because of inf
