This study considers the application of Directive 2004/25/EC on takeover bids from a legal and economic perspective. The legal review, carried-out by the international law firm M
As discussions around the revision of MiFID are heating up, this paper tries to set a new regulatory and institutional framework for multilateral and bilateral execution mechanis
Giovanni Calice, a professor at the University of Southampton, builds in this paper a new theoretical model for pricing of credit default swap (CDS) contracts with asymmetric col
This report summarises the main results of a survey conducted by the European Capital Markets Institute (ECMI) during the period December 2009 - July 2010.
Now that the worst of the financial storm is over, regulators are setting new strategies to deal with the systemic importance of the €427 trillion ($604 trillion) over-the-counte
This report by Fabrice Demarigny, Global Head of Capital Markets Activities of MAZARS Group, gives recommendation on establishing a proportionate regulatory and financial environ
This paper by Sebasian Lobe and Nils-Christian Schenk provides the first empirical evidence of fairness opinions in Europe.
This paper by Piero Cinquegrana argues that transparency-boosting measures specifically tailored to commodity and commodity derivatives markets are much needed.
Report of an ECMI-CEPS Task Force, April 2008: The European fund management industry has undergone profound changes since the 1985 Directive on Undertakings for Collective Invest
Based on a sample of 15 European countries, this survey by Jean-François Gajewski and Carole Gresse analyses various features of the European IPO (Initial Public Offering) market
The proposal by the European Commission (EC) to establish shareholder democracy and mandate the one-share-one-vote (1S1V) rule has drawn much attention and controversy.
The EU is well advanced in (re-)shaping the regulatory structure for securities markets.
