Facing New Regulatory Frameworks in Securities Trading in Europe

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Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Facing New Regulatory Frameworks in Securities Trading in Europe by : Peter-Jan Engelen

Download or read book Facing New Regulatory Frameworks in Securities Trading in Europe written by Peter-Jan Engelen and published by . This book was released on 2010 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, the securities industry has been revolutionized. Technological and market innovations urged regulators to respond by updating the rules on securities trading. While in the US, traditional stock exchanges were under attack from electronic trading systems (ECNs), the European Union wanted to increase competition by abolishing the monopoly of traditional exchanges and by allowing systemic internalization by banks. The first part of this book focuses on the front-office of securities trading. It discusses the impact of alternative trading systems (ATSs), the regulatory response through the Markets in Financial Instruments Directive (MiFID) and the Regulation National Market System (RegNMS), the appearance of multilateral trading facilities (MTFs), and the use of dark pools. Although the trading practice has been adjusted to the new challenges, the back-office did not follow in a similar way. The European clearing and settlement industry has been fragmented for many years. Since MiFID allows trading venues to choose the route for clearing and settlement, the need for adjustments down the trading chain is urgent. The book discusses the competition and externalities of this network industry, cross-border central securities depositories (CSDs), systemic risk and central counterparty (CCP), the market consolidation process (Link-Up Markets), as well as the initiative of the Europese Centrale Bank by launching the TARGET 2 Securities (T2S) project. The book is for practitioners, executive and market professionals from the banking and securities industry, as well as academics who want to update their insights and knowledge about the profound changes in securities trading, clearing, and settlement in Europe. Readers will find state-of-the-art discussions about MiFID, T2S, and so on.

The Changing Face of European Banks and Securities Market

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Publisher : Springer
ISBN 13 : 134923141X
Total Pages : 320 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis The Changing Face of European Banks and Securities Market by : Jack Revell

Download or read book The Changing Face of European Banks and Securities Market written by Jack Revell and published by Springer. This book was released on 2016-07-27 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many of the problems that have been brewing in the West European banking industry have come to the boil in the years since 1990. The essays collected in this volume focus in particular on competition, organisation and strategy, regulation and crises, and securities markets and financial centres.

Securities market regulation in the EU

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Publisher : CEPS
ISBN 13 : 9290794763
Total Pages : 35 pages
Book Rating : 4.2/5 (97 download)

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Book Synopsis Securities market regulation in the EU by : Karel Lannoo

Download or read book Securities market regulation in the EU written by Karel Lannoo and published by CEPS. This book was released on 2004 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Clearing and Settlement

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Publisher : Bloomsbury Publishing
ISBN 13 : 1526514974
Total Pages : 900 pages
Book Rating : 4.5/5 (265 download)

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Book Synopsis Clearing and Settlement by : Dermot Turing

Download or read book Clearing and Settlement written by Dermot Turing and published by Bloomsbury Publishing. This book was released on 2021-02-12 with total page 900 pages. Available in PDF, EPUB and Kindle. Book excerpt: The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement. This book describes and explains: 1. what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace 2. the law applicable to infrastructures, how they are are regulated, and the other topographical features of their legal landscape 3. the legal and practical aspects of risk management and operations of infrastructures 4. the risks faced by participants in payment, clearing and settlement systems - the agent banks - along with practical and operational issues which they face in their roles. Fully revised, updates for the 3rd edition include: - Implications and impact of Brexit - CPMI and IOSCO paper on central counterparty default (CCP) management auctions - cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.

EU Securities and Financial Markets Regulation

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Publisher : Oxford University Press
ISBN 13 : 0192583417
Total Pages : 993 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis EU Securities and Financial Markets Regulation by : Niamh Moloney

Download or read book EU Securities and Financial Markets Regulation written by Niamh Moloney and published by Oxford University Press. This book was released on 2023-03-29 with total page 993 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the decade or so since the global financial crisis rocked EU financial markets and led to wide-ranging reforms, EU securities and financial markets regulation has continued to evolve. The legislative framework has been refined and administrative rulemaking has expanded. Alongside, the Capital Markets Union agenda has developed, the UK has left the EU, and ESMA has emerged as a decisive influence on EU financial markets governance. All these developments, as well as the Covid-19 pandemic, have shaped the regulatory landscape and how supervision is organized. EU Securities and Financial Markets Regulation provides a comprehensive, critical, and contextual account of the intricate rulebook that governs EU financial markets and its supporting institutional arrangements. It is framed by an assessment of how the regime has evolved over the decade or so since the global financial crisis and considers, among other matters, the post-crisis reforms to key legislative measures, the massive expansion of administrative rulemaking and of soft law, the Capital Markets Union agenda, the development of supervisory convergence as the means for organizing pan-EU supervision, and ESMA's role in EU financial markets governance. Its coverage extends from capital-raising and the Prospectus Regulation to financial market intermediation and the MiFID II/MiFIR and IFD/IFR regimes, to the new regulatory regimes adopted since the global financial crisis (including for benchmarks and their administrators), to retail market regulation and the PRIIPs Regulation, and on to the EU's third country regime and the implications of the UK's departure from the EU. This is the fourth edition of the highly successful and authoritative monograph first published as EC Securities Regulation. Heavily revised from the third edition to reflect developments since the global financial crisis, it adopts the in-depth contextual and analytical approach of earlier editions and so considers the market, political, institutional, and international context of the regulatory and supervisory regime.

Recommendations for Central Counterparties

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Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Recommendations for Central Counterparties by : Group of Ten. Committee on Payment and Settlement Systems

Download or read book Recommendations for Central Counterparties written by Group of Ten. Committee on Payment and Settlement Systems and published by . This book was released on 2004 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Systems, Markets and Institutional Changes

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Publisher : Springer
ISBN 13 : 113741359X
Total Pages : 409 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Financial Systems, Markets and Institutional Changes by : T. Lindblom

Download or read book Financial Systems, Markets and Institutional Changes written by T. Lindblom and published by Springer. This book was released on 2014-07-29 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses how the financial system adjusts to institutional changes such as new technology, political tendencies, cultural differences, new business models, and government interactions. It emphasises how different institutional settings affect firms' borrowing and increases our understanding of how efficient financial markets are formed.

Essays on Algorithmic Trading

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Publisher : Columbia University Press
ISBN 13 : 3838261143
Total Pages : 227 pages
Book Rating : 4.8/5 (382 download)

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Book Synopsis Essays on Algorithmic Trading by : Markus Gsell

Download or read book Essays on Algorithmic Trading written by Markus Gsell and published by Columbia University Press. This book was released on 2010-07-09 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological innovations are altering the traditional value chain in securities trading. Hitherto the order handling, i.e. the appropriate implementation of a general trading decision into particular orders, has been a core competence of brokers. Labeled as Algorithmic Trading, the automation of this task recently found its way both into the brokers' portfolio of service offerings as well as to their customers' trading desks. The software performing the order handling thereby constantly monitors the market(s) in real-time and further evaluates historical data to dynamically determine appropriate points in time for trading. Within only a few years, this technology propagated itself among market participants along the entire value chain and has nowadays gained a significant market share on securities markets worldwide. Surprisingly, there has been only little research analyzing the impact of this special type of trading on markets. Markus Gsell's book aims at closing this gap by analyzing the drivers for adoption of this technology, the impact the application of this technology has on markets on a macro level, i.e. how the market outcome is affected, as well as on a micro level, i.e. how the exhibited trading behavior of these automated traders differs from normal traders' behavior.

Regulated Exchanges

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Publisher : OUP USA
ISBN 13 : 019977272X
Total Pages : 401 pages
Book Rating : 4.1/5 (997 download)

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Book Synopsis Regulated Exchanges by : Larry Harris

Download or read book Regulated Exchanges written by Larry Harris and published by OUP USA. This book was released on 2010-11-04 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulated Exchanges is a volume of essays on the historical contribution of exchanges to the world's economic growth, milestones in the history of exchanges, and the competitive landscape and future prospects of regulated exchanges.

The Regulatory and Supervisory Framework for Fixed Income Markets in Europe

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 109 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Regulatory and Supervisory Framework for Fixed Income Markets in Europe by : Hubert Grignon Dumoulin

Download or read book The Regulatory and Supervisory Framework for Fixed Income Markets in Europe written by Hubert Grignon Dumoulin and published by World Bank Publications. This book was released on 2004 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Convergence of Capital Measurement and Capital Standards

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Publisher : Lulu.com
ISBN 13 : 9291316695
Total Pages : 294 pages
Book Rating : 4.2/5 (913 download)

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Book Synopsis International Convergence of Capital Measurement and Capital Standards by :

Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Insurance Distribution Directive

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Publisher : Springer Nature
ISBN 13 : 3030527387
Total Pages : 439 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Insurance Distribution Directive by : Pierpaolo Marano

Download or read book Insurance Distribution Directive written by Pierpaolo Marano and published by Springer Nature. This book was released on 2021 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access volume of the AIDA Europe Research Series on Insurance Law and Regulation offers the first comprehensive legal and regulatory analysis of the Insurance Distribution Directive (IDD). The IDD came into force on 1 October 2018 and regulates the distribution of insurance products in the EU. The book examines the main changes accompanying the IDD and analyses its impact on insurance distributors, i.e., insurance intermediaries and insurance undertakings, as well as the market. Drawing on interrelations between the rules of the Directive and other fields that are relevant to the distribution of insurance products, it explores various topics related to the interpretation of the IDD - e.g. the harmonization achieved under it; its role as a benchmark for national legislators; and its interplay with other regulations and sciences - while also providing an empirical analysis of the standardised pre-contractual information document. Accordingly, the book offers a wealth of valuable insights for academics, regulators, practitioners and students who are interested in issues concerning insurance distribution.--

Regulating Financial Services and Markets in the 21st Century

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Publisher : Bloomsbury Publishing
ISBN 13 : 1847311695
Total Pages : 356 pages
Book Rating : 4.8/5 (473 download)

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Book Synopsis Regulating Financial Services and Markets in the 21st Century by : Eilís Ferran

Download or read book Regulating Financial Services and Markets in the 21st Century written by Eilís Ferran and published by Bloomsbury Publishing. This book was released on 2001-09-11 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this work offer a high-level examination of the most important issues facing financial services regulation,and the far-reaching effects of the Financial Services and Markets Act 2000 on the UK financial sector in the context of rapid global change. Taking an interdisciplinary approach the book includes contributions by many distinguished academic authorities on the law and economics of regulation, and also some of the most influential practitioners, regulators and policymakers. As such it provides an authoritative analysis of the underlying issues affecting the broad development of financial services regulation: the objectives of regulation, the responsibilities of the regulated community, the accountability of regulators, the regulation of electronic financial markets and the impact of stock market mergers, regional regulation within Europe, and the development of global financial regulation.

Financial Market Regulation and Reforms in Emerging Markets

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Publisher : Brookings Institution Press
ISBN 13 : 0815704895
Total Pages : 441 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Financial Market Regulation and Reforms in Emerging Markets by : Masahiro Kawai

Download or read book Financial Market Regulation and Reforms in Emerging Markets written by Masahiro Kawai and published by Brookings Institution Press. This book was released on 2011 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the wake of the global financial crisis that began in 2008, offers a systematic overview of recent developments in regulatory frameworks in advanced and emerging-market countries, outlining challenges to improving regulation, markets, and access in developing economies"--Provided by publisher.

The Dynamic Gains from Free Digital Trade for the U.S. Economy

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Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Dynamic Gains from Free Digital Trade for the U.S. Economy by : United States. Congress. Joint Economic Committee

Download or read book The Dynamic Gains from Free Digital Trade for the U.S. Economy written by United States. Congress. Joint Economic Committee and published by . This book was released on 2017 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Finance and Investment

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Publisher : Oxford University Press
ISBN 13 : 0198815816
Total Pages : 425 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis Finance and Investment by : Colin P. Mayer

Download or read book Finance and Investment written by Colin P. Mayer and published by Oxford University Press. This book was released on 2018 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Low growth, low investment, insufficient spend on infrastructure, weak bank lending to the corporate sector, and funding deficiencies of small and medium-sized enterprises are all causes of concern in Europe. To many, they point to fundamental problems in the financing of European companies and in Europe's financial systems. Are these concerns valid and do the structure and performance of the financial system lie at their heart? If so, what should be done to address them, and have the right policy prescriptions been identified to date? A product of the Restarting European Investment Finance research programme, Finance and Investment: The European Case brings together leading researchers to consider the causes of the persistently low level of investment in Europe. It examines the extent to which the financial system is a contributory factor and identifies possible remedies, considering the relation of finance to corporate sector investment, the lending behaviour of banks, the provision of equity financing, and the role of public sector institutions, regulation, and taxation. Finance and Investment provides one of the most comprehensive and thorough analyses of any financial system undertaken to date. It reflects a large body of research using new and existing data sets, employing advanced empirical tools, and exploiting the unique insights provided by the tumultuous events of financial and sovereign debt crises. Together, they comprise an exceptional body of knowledge to advance academic thinking and guide policy formulation.

Differentiated Integration and Disintegration in a Post-Brexit Era

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Publisher : Routledge
ISBN 13 : 0429648847
Total Pages : 250 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Differentiated Integration and Disintegration in a Post-Brexit Era by : Stefan Gänzle

Download or read book Differentiated Integration and Disintegration in a Post-Brexit Era written by Stefan Gänzle and published by Routledge. This book was released on 2019-11-15 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing the consequences of Brexit on EU policies, institutions and members, this book discusses the significance of differentiation for the future of European integration. This book theoretically examines differentiated integration and disintegration, focuses on how this process affects key policy areas, norms and institutions of the EU, and analyses how the process of Brexit is perceived by and impacts on third countries as well as other organizations of regional integration in a comparative perspective. This edited book brings together both leading and emerging scholars to integrate the process of Brexit into a broader analysis of the evolution, establishment and impact of the EU as a system of differentiation. This book will be of key interest to scholar and students of European Union politics, European integration, Brexit, and more broadly to Public Administration, Law, Economics, Finance, Philosophy, History and International Relations.