Over the last few decades, banks, insurers, pension funds, investments
firms and other financial institutions have become subject to sometimes
dramatically new, but always substantially more, legislation. This is
especially true for the EU. Moreover, Brexit has already caused profound
changes to the dynamics of EU financial regulation, and its effects will
likely become ever-more significant in the years to come.
This book serves as a comprehensive introduction to these developments,
and, more generally, to European banking and financial law. It is
organised around the three economic themes that are central to the
financial industry: (i) financial markets, (ii) banking and financial
institutions and (iii) financial transactions. It covers not only
regulatory law but also commercial law that is relevant for the most
important financial transactions.
This Second Edition has been completely revised. The basic structure of
the First Edition has been maintained, but all chapters have been
thoroughly rewritten and restructured. Attention is now also given to
topics such as shadow banking and credit rating agencies. As a matter of
course, all new relevant legislation and case law has been included. In
addition, on the basis of real-life classroom experience, student
questions and further reading suggestions have been updated and
expanded.
