This Commentary by CEPS Chief Executive Karel Lannoo examines the draft directive issued for consultation by Commissioner Charlie McCreevy in July 2008, which proposes very detai
In spite of the growing importance of commodity derivatives markets in the financial services industry, precious little is known about their impact on commodity spot prices and t
This ECMI Commentary by Piero Cinquegrana considers the phenomenon of the six-fold increase in oil prices over the last seven years and asks whether this massive increase is just
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
There remains considerable confusion as to how exactly the MiFID and UCITS directives will interact in the long run.
In this commentary, ECMI's Chief Officer Karel Lannoo argues that the problems encountered with the exchange of supervisory information amongst authorities, the delegation of sup
The intention of this article by Karel Lannoo is to subject European financial centres to a SWOT analysis, assessing their Strengths, Weaknesses, Opportunities and Threats.
The unfolding crisis in Europe’s financial markets is presenting the EU’s new regulatory and supervisory set-up with its first big test, revealing worrying differences in respons
MiFID portends a true revolution in the European financial landscape for both exchanges and financial services firms.
This paper by Karel Lannoo explores whether MiFID and Reg NMS could be accepted as equivalents by regulators on both sides of the Atlantic.
This paper by Peter Dunne explores the reasons why European sovereign bond markets have developed such a high degree of segmentation and considers how this structure could be alt
This policy brief examines the evolution of the hedge fund industry, the industry’s structure and the prospect of regulatory steps looming on the horizon.
