Over the past five years, OTC derivatives markets have received heightened regulatory attention aiming at improving transparency, reducing counterparty risk and increasing the resilience of this market segment.
With contributions by distinguished scholars from legal and financial backgrounds, this collection of essays analyses four main topics in the corporate governance of European listed firms: (i) board structure, composition and functioning and their interaction with ownership structure; (ii) board remuneration; (iii) shareholder activism and (iv) corporate governance disclosure based on the 'comply or explain' approach.
Socially responsible investments (SRIs) have become an important complement to traditional government aid for global health and development. In the effort to balance a more long-term horizon with wider contextual factors, such as global health and environment, SRIs in recent years have been shaping up in different ways.
The Greek debt restructuring in July 2011 raised questions around the complexity of derivative contracts and the potential implications of a credit event.
Given the complexity and insufficient transparency of service providers in financial markets, market discipline alone is insufficient to ensure their independence.
Eurozone sovereign bond markets are in the eye of the storm. High borrowing costs and a fragmented sovereign issuances in Europe may be overcome in the future if fiscal consolidation and structural reforms deliver economic growth and greater integration by filling gaps in competitiveness among member states.
After months of discussions, the European Commission officially released the draft level 1 text of the new Market in Financial Instruments Directive (MiFID) and Regulation (MiFIR) on October 20th.