The Age of ESMA

The Age of ESMA PDF

Author: Niamh Moloney

Publisher:

Published: 2018

Total Pages: 0

ISBN-13: 9781509921805

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"Since its establishment in 2011, the European Securities and Markets Authority (ESMA) has become a pivotal actor in EU financial market regulation and supervision. Its burgeoning influence extends from the rule-making process to supervisory convergence/coordination to direct supervision. Reflecting the now critical importance of ESMA to how the EU regulates and supervises financial markets, and with ESMA at an inflection point in its evolution, particularly in light of the Commission's 2017 proposals to reform ESMA and the UK's withdrawal from the EU, The Age of ESMA maps, contextualises, and examines ESMA's role and the implications for EU financial market governance."--Bloomsbury Publishing.

The Age of ESMA

The Age of ESMA PDF

Author: Niamh Moloney

Publisher: Bloomsbury Publishing

Published: 2018-11-29

Total Pages: 392

ISBN-13: 1509921788

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Since its establishment in 2011, the European Securities and Markets Authority (ESMA) has become a pivotal actor in EU financial market regulation and supervision. Its burgeoning influence extends from the rule-making process to supervisory convergence/coordination to direct supervision. Reflecting the now critical importance of ESMA to how the EU regulates and supervises financial markets, and with ESMA at an inflection point in its evolution, particularly in light of the Commission's 2017 proposals to reform ESMA and the UK's withdrawal from the EU, The Age of ESMA maps, contextualises, and examines ESMA's role and the implications for EU financial market governance.

Safavid Persia in the Age of Empires

Safavid Persia in the Age of Empires PDF

Author: Charles Melville

Publisher: Bloomsbury Publishing

Published: 2021-02-25

Total Pages: 496

ISBN-13: 0755633792

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The sixteenth and seventeenth centuries saw the establishment of the new Safavid regime in Iran. Along with reuniting the Persian lands under one rule, the Safavids initiated the radical transformation of the religious landscape by introducing Imami Shi'ism as the official state faith and in this as in other ways, laying the foundations of Iran's modern identity. In this book, leading scholars of Iranian history, culture and politics examine the meaning of the idea of Iran in the Safavid period by examining contemporary experiences of both insiders and outsiders, asking how modern scholarship defines the distinctive features of the age. While sometimes viewed as a period of decline from the high points of classical Persian literature and the visual arts of preceding centuries, the chapters of this book demonstrate that the Safavid era was nevertheless a period of great literary and artistic activity in the realms of both secular and theological endeavour. With the establishment of comparable polities across western, southern and central Asia at broadly the same time, the book explores some of the literary and political interactions with Iran's Ottoman, Mughal and Uzbek neighbours. As the volume and frequency of European merchants and diplomats visiting Safavid Persia increased, especially in the seventeenth century, and as more Iranians recorded their own travel experiences to surrounding Muslim lands, the Safavid period is the first in which we can document and explore the contours of Iran's place in an expanding world, and gain insights into how Iranians saw themselves and others saw them.

Principles of Corporate Finance Law

Principles of Corporate Finance Law PDF

Author: Eilís Ferran

Publisher: Oxford University Press

Published: 2023-09-27

Total Pages: 705

ISBN-13: 0192634682

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Corporate finance theory seeks to understand how incorporated firms address the financial constraints that affect their investment decisions. This is achieved by using varied financial instruments that seek to give holders different claims on the firm's assets. Recent scholarship in this area has highlighted the critical importance of the legal environment in explaining the choices that companies make about their capital structure. This book combines company law, capital markets law, and aspects of commercial and insolvency law to give readers a detailed understanding of the legal and regulatory issues relating to corporate finance. Informed by insights from theoretical and empirical work, the book examines from a legal perspective the key elements of corporate financing structures and capital markets in the UK. The authors' practical experience of transactions and regulatory issues ensures that thorough scholarly inquiry and critical reflection are complemented by an assured understanding of the interface between legal principles and rules as they are documented and in their actual operation. Key developments covered in this third edition include the post-Brexit adaptation of UK company law and capital market regulation, important new cases on parent company liability in tort, creditor-facing duties of directors, issuer and director liability for misleading statements to the market, alternatives to public market financing, and recent changes in the practice of debt finance.

Regulation on European Crowdfunding Service Providers for Business

Regulation on European Crowdfunding Service Providers for Business PDF

Author: Eugenia Macchiavello

Publisher: Edward Elgar Publishing

Published: 2022-12-13

Total Pages: 929

ISBN-13: 1802209948

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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.

Regulating Eu Capital Markets Union

Regulating Eu Capital Markets Union PDF

Author: Rüdiger Veil

Publisher: Oxford University Press

Published: 2024-06-14

Total Pages: 545

ISBN-13: 019288266X

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This is the first of a two-volume series that examines the current EU capital markets regimes and explores codification as a means for achieving a true single market for capital in Europe.

Equivalence in Financial Services

Equivalence in Financial Services PDF

Author: Francesco Pennesi

Publisher: Springer Nature

Published: 2022-04-24

Total Pages: 276

ISBN-13: 3030992691

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Equivalence in Financial Services offers a comprehensive and cross-industry examination of the rules and procedures under EU financial legislation dedicated to third-country market actors. The equivalence regime has become particularly topical after Brexit, as the United Kingdom is now a third country from the perspective of the European Union. This book investigates whether the current equivalence system is fit for its purpose, namely facilitating cross-border finance while minimizing as extensively as possible financial risks. After describing how the European Commission adopts equivalence measures, the book examines the implementation of the equivalence regime for the following entities: Credit Rating Agencies, Benchmarks, Trading Venues, Investment Firms, Investment Funds, Central Securities Depositories, Trade Repositories, and Central Counterparties. Addressing the most recent policy and legal developments, Equivalence in Financial Services provides an insightful guide into this complex area of financial regulation for scholars of financial regulation, legal practitioners, and policy makers.

EU Securities and Financial Markets Regulation

EU Securities and Financial Markets Regulation PDF

Author: Niamh Moloney

Publisher: Oxford University Press

Published: 2023-03-25

Total Pages: 993

ISBN-13: 0192583425

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Over the decade or so since the global financial crisis rocked EU financial markets and led to wide-ranging reforms, EU securities and financial markets regulation has continued to evolve. The legislative framework has been refined and administrative rulemaking has expanded. Alongside, the Capital Markets Union agenda has developed, the UK has left the EU, and ESMA has emerged as a decisive influence on EU financial markets governance. All these developments, as well as the Covid-19 pandemic, have shaped the regulatory landscape and how supervision is organized. EU Securities and Financial Markets Regulation provides a comprehensive, critical, and contextual account of the intricate rulebook that governs EU financial markets and its supporting institutional arrangements. It is framed by an assessment of how the regime has evolved over the decade or so since the global financial crisis and considers, among other matters, the post-crisis reforms to key legislative measures, the massive expansion of administrative rulemaking and of soft law, the Capital Markets Union agenda, the development of supervisory convergence as the means for organizing pan-EU supervision, and ESMA's role in EU financial markets governance. Its coverage extends from capital-raising and the Prospectus Regulation to financial market intermediation and the MiFID II/MiFIR and IFD/IFR regimes, to the new regulatory regimes adopted since the global financial crisis (including for benchmarks and their administrators), to retail market regulation and the PRIIPs Regulation, and on to the EU's third country regime and the implications of the UK's departure from the EU. This is the fourth edition of the highly successful and authoritative monograph first published as EC Securities Regulation. Heavily revised from the third edition to reflect developments since the global financial crisis, it adopts the in-depth contextual and analytical approach of earlier editions and so considers the market, political, institutional, and international context of the regulatory and supervisory regime.

EU Executive Discretion and the Limits of Law

EU Executive Discretion and the Limits of Law PDF

Author: Joana Mendes

Publisher: Oxford University Press

Published: 2019-05-02

Total Pages: 288

ISBN-13: 0192561340

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The increase in the European Union's executive powers in the areas of economic and financial governance has thrown into sharp relief the challenges of EU law in constituting, framing, and constraining the decision-making processes and political choices that have hitherto supported European integration. The constitutional implications of crisis-induced transformations have been much debated but have largely overlooked the tension between law and discretion that the post-2010 reforms have brought to the fore. This book focuses on this tension and explores the ways in which legal norms may (or may not) constrain and structure the discretion of the EU executive. The developments in the EU's post-crisis financial and economic governance act as a reference point from which to analyze the normative problems pertaining to the law's relationship to the exercise of discretion. Structured in three parts, the book starts by analyzing the challenges to the maxim that the law both grounds and constrains EU executive and administrative discretion, setting out the concepts, problems and approaches to the relation between law and discretion both in general public law and in EU law. It progresses to analyze how these problems and approaches have unfolded in EU's financial, economic and monetary governance. Finally, it moves on from these specific developments to assess how existing legal principles and means of judicial review contribute to ensuring the rationality and legality of EU's discretionary powers.

Shiraz in the Age of Hafez

Shiraz in the Age of Hafez PDF

Author: John W. Limbert

Publisher: University of Washington Press

Published: 2011-10-01

Total Pages: 198

ISBN-13: 029580288X

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In the fourteenth-century Persian city of Shiraz, poets composed, scholars studied, mystics sought hidden truths, ascetics prayed and fasted, drunkards brawled, and princes and their courtiers played deadly games of power. This was the world of Shams al-Din Mohammad Hafez Shirazi, a classical poet who remains broadly popular today in his native Shiraz and in modern Iran as a whole, and among all lovers of great verse traditions. As John Limbert notes, Hafez's poetry is inseparable from the Iranian spirit--a reflection of Iranians’ intellectual and emotional responses to events. But if Hafez’s endurance derives from the considerable charm of his work, it also arises from his sure grounding in the life of his day, from a setting so deftly explored by his verse that his depictions of it retain a timeless relevance. To fully comprehend and enjoy Hafez, and thus to understand a root force in modern Iranian consciousness, we must know something of the city in which he lived and wrote. In this book, Limbert provides not only a rich context for Hafez’s poetry but also a comprehensive perspective on a fascinating place in a dynamic time. His portrait of this elegant, witty poet and his marvelous city will be as valuable to medievalists, students of the Middle East, and specialists in urban studies as it will be to connoisseurs of world literature.