Short selling is a technique that allows profiting from falling stock prices. In the autumn of 2008 several countries implemented a partial or complete ban on short selling.
During the decade preceding the eruption of the financial crisis in August 2007, rating agencies and market participants, gripped by euphoria, systematically underestimated the r
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
ECMI Chief Officer Karel Lannoo looks at the large differences that remain in the risk management of European banks and in the way bank regulation is implemented.
The Market in Financial Instruments Directive (MiFID) is nothing short of a revolution.
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.
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.
