European capital markets law has developed rapidly. The European legislature has enacted four framework directives and numerous implementing directives to improve investor confidence in the integrity and functioning of capital markets, while in recent years the financial crisis has given impetus to the development of a European supervisory structure. This book systematizes the European directives and examines both the underlying concepts and the interdisciplinary features of this field of law. National differences - such as the possibility of private enforcement - are explored by looking at selected EU Member States, including Austria, France, Germany, Italy, Spain, Sweden, and the United Kingdom. The book's chapters examine the following: the foundations of capital markets law in Europe * the basics * the rules ensuring market integrity, focusing on insider dealing, market manipulation, and short selling * the disclosure system * the roles of intermediaries, such as investment firms, financial analysts, and rating agencies * compliance in investment firms. Throughout, there is a strong emphasis on legal practice and frequent reference is made to the key decisions of supervisory authorities and courts. It will be useful to students of capital markets law, as well as appealing to a broader audience of researchers and practitioners, including attorneys and supervisory authorities.

Product Description: This book focuses on private enforcement of investor protection rules in the US, the UK, Belgium, the Netherlands, Germany, and France. It examines whether and to what extent investors can claim damages for losses incurred, following breaches of specific investor protective rules contained in EU capital market law...read more

Product Description: This book provides an overview of the Second Council Directive 77/91/EEC of 13 December 1976 (also known as the Capital Directive) and its implementing rules in each Member State of the European Union and the European Economic Area...read more

Product Description: This book deals with regulatory competition in corporate and capital market law in Europe - i.e. the endeavor of national and supranational legislators to develop more attractive corporate legal forms and investment frameworks. The book focuses on some recent national corporate law reforms, the newly introduced European legal form Societas Europaea, and the choice of law in corporate debt securities...read more

Product Description: Andrew Johnston examines EC regulation of national corporate governance systems through the lenses of economic theory and reflexive governance. By contrasting the normative demands of the neoclassical 'agency' model with those of the productive coalition model, he shows how their incompatibility required political compromise...read more

Product Description: This very useful volume provides a ‘ground up’ survey, from a business law point of view, of the concept of finance as a vital component of the economic structure of the European Communities. In deeply informed detail it describes the architecture of the financial system, its institutions (banks, stock exchanges, etc...read more

Product Description: The integration of European--indeed, global--capital markets has been under way for quite some time. However, the adoption of the single European currency crystallises the process, solving many old problems at the same time as it creates new challenges...read more