The Greek debt restructuring in July 2011 raised questions around the complexity of derivative contracts and the potential implications of a credit event.
Financial market infrastructures are key promoters of competitiveness and market efficiency.
Europe needs to look beyond the current legislative proposals to better protect investors. Beyond banning inducements for some advisers, regulation should address the incentives built into the remuneration of all sales personnel.
Given the complexity and insufficient transparency of service providers in financial markets, market discipline alone is insufficient to ensure their independence.
Invited by MEP Kay Swinburne, ECMI researchers met a group of MEPs during lunch at the European Parliament in Strasbourg to discuss informally ongoing regulatory reforms affecting market structure and investor protection.
Presented by the U.S. Securities and Exchange Commission and the European Capital Markets Institute.
Fresh perspectives open for asset managers as Europe seeks to reduce its historic reliance on banking and promote capital markets.
Task force members met for the last time before the launch of the final report later in 2012 to kick-start the drafting process. After having held
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.