Investor Protection in Europe

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).

PART 1: INSTITUTIONAL STRUCTURE, REGULATORY COMPETITION AND REGULATORY STRATEGIES ; 1. The Economics and Politics of Corporate Governance in the European Union ; 2. Political Yardstick Competition and Corporate Governance in the European Union ; 3. Using Corporate Law to Compete for Investments ; 4. A Legal Options Approach to EC Company Law ; 5. How Can Corporate Governance Codes Be Implemented? ; PART 2: THE NEW EUROPEAN REGULATION OF TRADING VENUES ; 6. The MiFID: Competition in a New European Equity Market Regulatory Structure ; 7. The European Securities Industry. Further Evidence on the Roadmap to Integration ; 8. The MiFID and Internalisation ; 9. Internalisation under the MiFID: Regulatory Overreaching or Landmark in Investor Protection? ; PART 3: FURTHER ISSUES IN REGULATORY HARMONIZATION ; 10. The Eclipse of Contract Law in the Investment Firm-Client- Relationship: The Impact of the MiFID on the Law of Contract from a German Perspective ; 11. Conflicts of Interest in Investment Services: The Price and Uncertain Impact of MiFID s Regulatory Framework ; 12. The Public Offering of Securities Concept in the New Prospectus Directive ; 13. Nonfinancial Disclosure between Shareholder Value and Socially Responsible Investing ; PART 4: AFTER THE FINANCIAL SERVICES ACTION PLAN ; 14. Effective Policy Design for the Retail Investment Services Market: Challenges and Choices Post FSAP ; 15. Financial Market Integration in the Post FSAP Era. In Search of Overall Conceptual Consistency in the Regulatory Framework ; 16. Securities Clearing and Settlement:Regulatory Developments in Europe ; 17. Structuring Securities Regulation in the European Union: Lessons from the U.S. Experience