Download or read book MiFID II and Private Law written by Federico Della Negra and published by Bloomsbury Publishing. This book was released on 2019-07-11 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the global financial crisis, investors have suffered significant losses as a result of breaches of conduct of business rules in the distribution of financial instruments. MiFID II introduced new disclosure, distribution and product governance rules to strengthen the protection of investors but, like MiFID I, did not harmonise the civil law consequences for their violation. This book asks whether, in spite of the silence of the EU legislators, the MiFID II conduct of business rules may produce civil law effects, enabling investors to enforce them against investment firms before national courts and alternative dispute resolution (ADR) mechanisms. Building on the case law of the CJEU, the book shows the conditions under which the breach of MiFID II conduct of business rules should give rise to a private law remedy, and what remedies would be compatible with EU law. MiFID II and Private Law is an essential contribution to academic research in EU and financial law and will be a key text for policy-makers and legal practitioners working in the field of investor protection regulation and mis-selling litigation.
Download or read book The MiFID II Framework written by Mario Comana and published by Springer. This book was released on 2019-02-15 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a detailed analysis of the main innovations and impacts associated with the package of European legislation comprising MiFID II and MiFIR, which constitutes a pillar of the EU’s “single rulebook” for financial regulation. Adopting a research-oriented approach, the authors also consider the practical consequences of the new legislation, to provide a clear description of the new rules and the ways in which they address concerns raised by the financial crisis, as well as an appraisal of the theoretical implications from an EU-wide perspective. The book also presents a comparative analysis of how the package is being implemented within the larger countries of the Eurozone and the United Kingdom, and evaluates the likely consequences for banks’ business models. This research book is a valuable resource for graduate and master’s level students as well as professionals and practitioners interested in understanding the European financial law and, in particular, the dynamics of the investment industry.
Download or read book La MiFID II written by VINCENZO TROIANO and published by CEDAM. This book was released on 2016-06-20 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt: Come è noto, la crisi che a partire dal 2007 ha colpito gran parte del pianeta ha agito da catalizzatore nella ridefinizione delle strutture di vertice dell’ordinamento finanziario europeo. L’adozione, per il settore creditizio, di meccanismi unici di vigilanza e risoluzione ha modificato nel profondo le pregresse formule esplicative della funzione di supervisione; è avviato un percorso similare concernente i mercati finanziari. A tali innovazioni fanno riscontro talune significative modifiche in ambito operativo, volte ad adeguare il concreto esercizio delle attività regolate alla nuova logica procedimentale, nonché ad attivare forme più significative di responsabilità comportamentale da parte degli intermediari. In tale contesto si colloca la rivisitazione del complesso dispositivo della cd. MiFID I, attuata con il plesso normativo costituito dalla direttiva 2014/65/UE e dal regolamento 2014/600/UE. Sono state per tal via introdotte specifiche configurazioni di impianto per l’erogazione e la ingegnerizzazione dei prodotti; prevedendosi, al contempo, anche taluni cambiamenti della disciplina dei mercati finanziari, vuoi mediante la proposizione di nuove piattaforme, vuoi definendo regole a presidio dei rischi connessi al sempre maggiore impiego di tecnologie informatiche e telematiche per le negoziazioni. Si è in presenza di un composito sistema disciplinare, articolato su variegati versanti, che riguardano sia i criteri di governo e condotta delle imprese di investimento, sia i parametri di intervento ascrivibili alle autorità di settore. La percezione del rilevante impatto che il compiuto recepimento del complesso disciplinare in parola avrebbe avuto per le autorità e gli operatori ha sostenuto la decisione del legislatore europeo di procrastinare di un anno, e dunque al 2018, il termine per la sua applicazione. La riferibilità a tale termine segna un differente passo rispetto alla linea decisionale seguita con riguardo alla materia regolata dai meccanismi di vigilanza e di risoluzione delle crisi, per la cui entrata in vigore sono stati disposti tempi molto brevi rispetto alla loro adozione. Il volume è suddiviso in capitoli e paragrafi e si sviluppa in poco meno di 600 pagine. Preceduto da una Presentazione a firma dei due curatori, è caratterizzato anche da un indice sommario molto dettagliato, che consente al lettore di individuare in breve tempo gli argomenti affrontati.
Download or read book MIFIDII written by Seb Malik and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Equipped with this guide, with its comprehensive references and links to source texts, business analysts and project managers will stand tall, empowered to drive forward critical regulatory projects. Other MiFID II tracts are either too high level to be of any practical aid, or too detailed (aimed principally at the legal community) leaving the reader overwhelmed. That the changes required for MiFID II are not communicated in a single unified document is where this guide earns its keep. There are a plethora of directives, regulations, technical specifications and updates running into thousands of pages that must be read, digested, cross-referenced, organised and categorised in order to arrive at actionable issues. --
Download or read book MiFID II le novit per il mercato finanziario written by Ranieri Razzante and published by G Giappichelli Editore. This book was released on 2018-01-31 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: L’evoluzione di strumenti finanziari sempre più complessi ha reso necessario, a distanza di dieci anni dalla prima direttiva MiFID, un aggiornamento delle disposizioni in materia focalizzando l’attenzione sull’effettiva cura del risparmiatore.La disciplina contenuta nella direttiva MiFID II e nel Regolamento MiFIR prevede, quindi, da un lato specifici obblighi informativi da parte dei prestatori di servizi di investimento verso i loro clienti e un’adeguata profilatura di questi ultimi, dall’altro regole precise per dirimere eventuali conflitti d’interessi tra le parti.Le nuove disposizioni hanno, in definitiva, aggiornato e integrato la precedente disciplina a tutela dell’investitore al fine di garantire una maggiore trasparenza e stabilità dei mercati degli strumenti finanziari dettando regole specifiche in materia di Product Governance e di Product Intervention (con nuovi poteri di controllo per l’ESMA e le autorità di vigilanza nazionali). In particolare, le nuove norme sulla distribuzione e sulla consulenza al cliente incidono anche sulla realizzazione dei prodotti finanziari da parte della società-prodotto (Manufacturer), che dovrà operare avendo come priorità l’interesse dei clienti. A livello nazionale la nuova disciplina MiFID è stata recepita dal D.Lgs. n. 129/2017 che ha apportato diverse modifiche al Testo Unico della finanza al fine di riorganizzare in modo sistematico, a livello di normativa primaria, le disposizioni vigenti.Eliana Pezzuto, avvocato ed esperta in materie giuridiche e parlamentari. Ha collaborato nella XIV e XVI Legislatura con il Sottosegretario pro tempore con delega alla pubblica sicurezza. Da anni si occupa di normativa antimafia e misure di prevenzione patrimoniali nonché di legislazione per il contrasto e la prevenzione del terrorismo internazionale. Oggi coadiuva l’ufficio del Questore anziano della Camera dei Deputati. Autrice di numerosi contributi anche in materia di diritto commerciale e finanziario su giornali, riviste e siti di approfondimento giuridico.Ranieri Razzante, avvocato e Dottore commercialista. Direttore del Centro di Ricerca sulla Sicurezza ed il Terrorismo – CRST. Presidente dell’Associazione Italiana Responsabili Antiriciclaggio (AIRA). Docente di Legislazione antiriciclaggio nell’Università di Bologna e presso gli Istituti di Istruzione delle Forze dell’Ordine e Militari. È Consulente della Commissione Parlamentare Antimafia e del Prefetto Antiracket e Antiusura. Collabora con varie testate giornalistiche di settore. È autore di numerosi volumi e scritti in materia di Diritto dell’economia, legislazione antiriciclaggio e finanziamento del terrorismo. Insegna in numerosi Master universitari presso le principali Università italiane.
Download or read book Handbook Of Global Financial Markets Transformations Dependence And Risk Spillovers written by Sabri Boubaker and published by World Scientific. This book was released on 2019-06-27 with total page 828 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this handbook is to provide the readers with insights about current dynamics and future potential transformations of global financial markets. We intend to focus on four main areas: Dynamics of Financial Markets; Financial Uncertainty and Volatility; Market Linkages and Spillover Effects; and Extreme Events and Financial Transformations and address the following critical issues, but not limited to: market integration and its implications; crisis risk assessment and contagion effects; financial uncertainty and volatility; role of emerging financial markets in the global economy; role of complex dynamics of economic and financial systems; market linkages, asset valuation and risk management; exchange rate volatility and firm-level exposure; financial effects of economic, political and social risks; link between financial development and economic growth; country risks; and sovereign debt markets.
Download or read book Transparency in Insurance Regulation and Supervisory Law written by Pierpaolo Marano and published by Springer Nature. This book was released on 2021-03-30 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume focuses on transparency as the guiding principle for insurance regulation and supervisory law. All chapters were written by experts in their respective fields, who address transparency in a wide range of European and non-European jurisdictions. Each chapter reviews the transparency principles applicable in the jurisdiction discussed. While the European jurisdictions reflect different facets of the principle as emerging from EU law on insurance, the principle has developed quite differently in other jurisdictions.
Download or read book A Bank s Duty of Care written by Danny Busch and published by Bloomsbury Publishing. This book was released on 2017-08-24 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, an increasing number of clients and third parties have filed claims against banks such as for mis-selling financial products, poor financial advice, insufficient disclosure of and warning about financial risks. The scope of a bank's duty of care seems to expand, not only to include protection of consumers against unclear risks of complicated products but also protection of professional parties against more obvious risks of relatively straightforward products. This topic raises many questions, both at a theoretical and practical level. This book provides a rich source of information about how various jurisdictions (Germany, Austria, France, Italy, Spain, the Netherlands, England and Wales, Ireland, and the United States of America) deal with these questions and how answers are found or embedded in their national legal systems. The book also contains a detailed chapter on the MiFID I and II conduct-of-business provisions. Finally, the book provides a thorough comparative analysis and perspective.
Download or read book I servizi di investimento dopo la Mifid II written by L. Gaffuri and published by . This book was released on 2018 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book European Financial Regulation written by Veerle Colaert and published by Bloomsbury Publishing. This book was released on 2019-12-26 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mirroring the long-established structure of the financial industry, EU financial regulation as we know it today approaches banking, insurance and investment services separately and often divergently. In recent decades however, the clear separation between financial sectors has gradually evaporated, as business lines have converged across sectors and FinTech solutions have emerged which do not fit traditional sector boundaries. As the contours of the traditional tripartition in the financial industry have faded, the diverging regulatory and supervisory treatment of these sectors has become increasingly at odds with economic reality. This book brings together insights developed by distinguished researchers and industry professionals in a series of articles analysing the main areas of EU financial regulation from a cross-sectoral perspective. For each specific research theme – including prudential regulation, corporate governance and conduct of business rules – the similarities, as well as gaps, overlaps and unjustifiable differences between banking, securities and insurance regulation, are clearly presented and discussed. This innovative research approach is aimed at informing lawmakers and policymakers on potential improvements to EU financial regulation whilst also supporting legal and compliance professionals applying the current framework or looking to streamline compliance processes.
Download or read book From Corporate Social Responsibility to Corporate Social Liability written by Anna Aseeva and published by Bloomsbury Publishing. This book was released on 2021-05-20 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a critical socio-legal study that brings together the latest scholarly advances on corporate social responsibility, and, at the same time, addresses the pressing issue of corporate liability for harmful acts across the supply and production chains. Corporations have seldom been held responsible and virtually never liable for the acts of their subsidiaries and subcontractors. Actors as different as workers, investors, individual consumers, and shareholder activists claim that corporations should accept greater responsibility for communities and environments affected by their activities. The book argues that a global value chain's head corporations remain immune to any liability because of the 'economically dependent-legally independent' relationships between core corporations and their periphery suppliers and subcontractors. To tackle this problem, globally, the author acknowledges that 'we' as a society need to reduce the economic dependence as described above – which is far too excessive – by ensuring a level playing field both economically and socially. More concretely, she argues that in order to realise transnational corporate liability, 'we' as lawyers need to find a way (or ways) to establish legally effective relationships between head corporations and their economically dependent entities. Readers of this book will be able to export the concept of corporate social liability, developed in the context of value chains, and apply it to other contexts involving corporate activities where they need to tackle unrestrained corporate freedom and make global businesses responsible and socially useful.
Download or read book Alternative Acquisition Models and Financial Innovation written by Daniele D'Alvia and published by Taylor & Francis. This book was released on 2023-10-11 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book written in English on special purpose acquisition companies (SPACs) in the context of European and Italian financial law, introducing the topic with a general overview on the European stage. It is also the first book on European financial regulations of SPACs. As such, it is a groundbreaking reference text for SPAC studies at the international level. Alternative Acquisition Models and Financial Innovation: Special Purpose Acquisition Companies in Europe, and the Italian Legal Framework offers the most comprehensive overview of the current international financial regulations of SPACs in the EU and UK compared to the main legal system where SPACs originated—the US. This edited book is focused on finding a European legal framework for SPACs by discovering whether the Alternative Investment Fund Managers Directive (AIFMD) or the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS) are applicable to them and why, as well as identifying the objectives of financial regulation of SPACs in the EU, US and UK. Essentially, the edited collection explores soft law and self-regulation instances against the state-based Westphalian approaches centred on hard law instances; describes practical examples of SPACs in Italy and Europe; and analyses the limits and perspectives of such investment vehicles on the Italian capital market as well as their possible uses as forms of shadow banking and venture companies at international levels.
Download or read book Regulation on European Crowdfunding Service Providers for Business written by Eugenia Macchiavello and published by Edward Elgar Publishing. This book was released on 2022-12-13 with total page 929 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative Commentary boasts contributions from internationally renowned experts with extensive and diverse backgrounds, providing a comprehensive, critical, article-by-article and thematic analysis of the EU Regulation No 1503/2020 on European Crowdfunding Service Providers for Business (ECSPR). Chapters analyse Member States’ adaptation of their legal frameworks to the ECSPR, underlying similarities, divergences, additional problematic issues and residual regulatory fragmentation.
Download or read book General Reports of the XXth General Congress of the International Academy of Comparative Law Rapports g n raux du XX me Congr s g n ral de l Acad mie internationale de droit compar written by Katharina Boele-Woelki and published by Springer Nature. This book was released on 2020-12-17 with total page 710 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores convergences of legal doctrine despite jurisdictional, cultural and political barriers, as well as divergences due to such barriers, examining topics that are of vital importance to contemporary legal scholars. Written by leading experts from all continents, its 26 chapters present a comparative analysis of cutting-edge legal issues of the 21st century. While each of the countries covered stands alone as a sovereign state, in a technologically advanced world their disparate systems nonetheless show comparable strategies in dealing with complex legal issues. Several of the chapters show how, in addition to state normative production and state adjudication, a growing panoply of non-state instruments and non-state adjudication are becoming more and more central to the legal field. This book is a key addition to the library of any scholar wanting to keep abreast of the major trends in contemporary law. Representing the current state of law in a vast range of areas, it covers each topic from a comparative perspective. Cet ouvrage, en examinant des sujets d'une importance vitale pour les juristes contemporains, traite des convergences de la doctrine juridique malgré les barrières juridictionnelles, culturelles et politiques ainsi que des divergences dues à ces barrières. Écrits par d'éminents universitaires de tous les continents, ses 26 chapitres présentent une analyse comparative de sujets juridiques majeurs du 21e siècle. Dans un monde technologiquement avancé, bien que chaque pays analysé dans cet ouvrage demeure autonome en tant qu'État souverain, l’ensemble des systèmes disparates présente néanmoins des stratégies comparables pour traiter des questions juridiques complexes. En outre, plusieurs chapitres montrent comment, en plus de la production normative et de la résolution des différends étatiques, la panoplie croissante de différents types d'instruments non étatiques et de résolution non étatique des différends devient de plus en plus centrale dans la sphère juridique. Cet ouvrage est un ajout essentiel à la bibliothèque de tout universitaire souhaitant se tenir au courant des principales tendances du droit contemporain. Il couvre un vaste domaine de sujets traités d'un point de vue comparatif et représente l'état actuel du droit dans chaque domaine.
Download or read book Regulation of the EU Financial Markets written by Danny Busch and published by Oxford Eu Financial Regulation. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: PART I: GENERAL ASPECTS 1: Introduction, Danny Busch and Guido Ferrarini PART II: INVESTMENT FIRMS AND INVESTMENT SERVICES 2: The Scope of MiFID II, Kitty Lieverse 3: Governance of Investment Firms under MiFID II, Jens-Hinrich Binder 4: The Overarching Duty to Act in the Best Interest of the Client in MiFID II, Luca Enriques and Matteo Gargantini 5: Product Governance and Product Intervention, Danny Busch 6: Independent Financial Advice, Paolo Giudici 7: Conflicts of Interest, Stefan Grundmann and Philipp Hacker 8: Inducements, Larissa Silverentand, Jasha Sprecher, and Lisette Simons 9: Agency and Principal Dealing Under MiFID, Danny Busch 10: MiFID II/MiFIR's Regime for Third-Country Firms, Danny Busch & Marije Louisse PART III: TRADING 11: TGovernance and Organization of Trading Venues: The Role of Financial Market Infrastructures Groups, Guido Ferrarini & Paolo Saguato 12: EU Financial Governance and Transparency Regulation: A Test for the Effectiveness of Post-Crisis Administrative Governance, Niamh Moloney 13: SME Growth Markets, Carmine di Noia & Rudiger Veil 14: Dark Trading Under MiFID II, Peter Gomber & Ilya Gvozdevskiy 15: Derivatives: Trading, Clearing, STP, Indirect Clearing, and Portfolio Compression, Rezah Stegeman & Aron Berket 16: Commodity Derivatives, Antonella Sciarrone Alibrandi & Edoardo Grossule 17: Algorithmic Trading and High Frequency Trading, Pierre-Henri Conac 18: An American perspective, Merritt Fox PART IV: SUPERVISION AND ENFORCEMENT 19: Public Enforcement of MiFID II, Christos Gortsos 20: The Private Law Effect of MiFID: the Genil Case and Beyond, Danny Busch PART V: THE BROADER VIEW AND THE FUTURE OF MIFID 21: MiFID II: Picking up the Crumbs of a Piecemeal Approach, Veerle Colaert 22: Shadow Banking and the Functioning of Financial Markets, Eddy Wymeersch 23: Investment-based Crowdfunding: Is MiFID II enough?, Guido Ferrarini & Eugenia Macchiavello.
Download or read book Legal Aspects of Crowdfunding written by Caroline Kleiner and published by Springer Nature. This book was released on 2021-11-05 with total page 563 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comparative perspective on 18 countries’ legal regulation of crowdfunding. In the wake of the financial crises of 2008, use of this alternative financing method has increased substantially, in various forms. Whereas some states have adopted tailor-made regimes in order to regulate but also encourage this way of financing projects, allowing loans to be made by non-banking institutions, others still haven’t specifically addressed the subject. An analysis of these diverse legislative stances offers readers a range of legal solutions for managing crowdfunding activities with regard to e.g. protecting investors, imposing limits on project owners, and finally the role and duties of intermediaries, i.e., companies operating crowdfunding platforms. In addition, the content presented here provides a legal basis for states and supranational organizations interested in regulating this phenomenon to achieve more legal certainty.
