Investor Protection in Europe

Regulatory Competition and Harmonization

Edited by Guido Ferrarini and Eddy Wymeersch

Analyzes the topical issue of investor protection in Europe from the perspectives of both capital markets and company law
Examines new developments and trends in EU and US regulation in the wake of the Enron and Parmalat scandals
Concludes with a radical proposal advocating extraterritorial courts and out-of-state jurisdiction

Investor Protection in Europe

Regulatory Competition and Harmonization

Edited by Guido Ferrarini and Eddy Wymeersch

Description

This collection of essays examines investor protection in Europe. It offers a broad and coherent examination of the effects of regulatory competition versus harmonization, and covers both capital market and company law perspectives. Including coverage of both the EU and the US, this volume analyses the recent Markets in Financial Instruments European Directive, and explores clearing, settlement, prospectuses, and transparency regulation.

Investor Protection in Europe

Regulatory Competition and Harmonization

Edited by Guido Ferrarini and Eddy Wymeersch

I Competition and Harmonisation in Securities Regulation
1. Regulatory Competition in Securities Regulation: A European Perspective, E. Wymeersch
2. Structuring Securities Regulation in the European Union: Lessons from the U.S. Experience, D. Langevoort
II The New Directive on markets in financial instruments (MiFID)
General
3. The MiFID: Competition in a New European Equity Market Regulatory Structure, R. Davies, A. Dufour and B. Scott-Quinn
4. The European Securities Industry. Further Evidence on the Roadmap to Integration, B. Alemanni- G. Lusignani- M. Onado
5. Financial Market Integration in the post-FSAP Era. In Search of Overall Conceptual Consistency in the Regulatory Framework, M. Tison
Conduct of Business and Conflicts of interest
6. Promoting the Retail Investor: The EU's Emerging Strategy and Conduct of Busines, N. Moloney
7. The Eclipse of Contract Law in the Investment- Firm- Client Relationship, P. O. Mülbert
8. Conflicts of Interest in Investment Services: The Price and Uncertain Impact of MiFID's Regulatory Framework, L. Enriques
Internalisation
9. The MiFID and the Lamfalussy Regulatory Structure: the case of Internalization, G. Ferrarini- F. Recine
10. Internalization under the MiFID: Regulatory Overreach or Landmark in Investor Protection?, J. Köndgen- E. Theissen
Clearing and Settlement
11. Aspects of European Clearing and Settlement, E. Wymeersch
III Prospectuses and Disclosure
12. The European Prospectus Directive: The Public Offering Concept, A. Pietrancosta
13. Nonfinancial Disclosure between "Shareholder Value" and "Social Responsible Investing", F. Denozza
IV EC Company Law
14. Political Yardstick Competition and Corporate Governance in the European Union, P. Salmon
15. Beyond Competition for Incorporations, E. Kamar
16. Default Rules in EC Company Law, G. Hertig- J. A. Mc Cahery
V The role of Litigation and Extraterritorial Courts
17. The Role of Litigation and Corporate Scandals Structures in the Parmalat Case, G. Ferrarini- P. Giudici
18. Extraterritorial Courts for Corporate Law, J. Dammann- H. Hansmann

Investor Protection in Europe

Regulatory Competition and Harmonization

Edited by Guido Ferrarini and Eddy Wymeersch

Author Information

Guido Ferrarini is Professor of Law at the University of Genoa and Director of the Centre for Law and Finance. Eddy Wymeersch is Professor at the University of Ghent and Chairman of the Banking, Finance, and Insurance Commission in Brussels. They have been involved with several successful volumes including Corporate Governance in Context: Corporations, States, and Markets in Europe, Japan, and the U.S. (Hopt, Wymeersch, Kanda, and Baum eds. OUP forthcoming 2006), Reforming Company and Takeover Law in Europe (Ferrarini, Hopt, Winter, and Wymeersch eds., OUP 2004), and Capital Markets and Company Law (Hopt and Wymeersch eds., OUP 2003).

Contributors:

E. Wymeersch
D. Langevoort
R. Davies
A. Dufour
B. Scott-Quinn
B. Alemanni
G. Lusignani
M. Onado
M. Tison
N. Moloney
P. O. Mülbert
L. Enriques
G. Ferrarini
F. Recine
J. Köndgen
E. Theissen
A. Pietrancosta
F. Denozza
P. Salmon
E. Kamar
G. Hertig
J. A. Mc Cahery
G. Ferrarini
P. Giudici
J. Dammann
H. Hansmann