Equivalence in Financial Services : A Legal and Policy Analysis / by Francesco Pennesi.

Format:

Book

Author/Creator:

Pennesi, Francesco, author.

Series:

EBI Studies in Banking and Capital Markets Law, 2730-9096

Language:

English

Subjects (All):

Financial services industry.

Finance--Law and legislation.

Finance.

Financial Services.

Financial Law.

Local Subjects:

Financial Services.

Financial Law.

Physical Description:

1 online resource (276 pages)

Edition:

1st ed. 2022.

Place of Publication:

Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2022.

Summary:

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. Francesco Pennesi is a researcher at the Erasmus School of Law and an Italian qualified attorney specialized in financial regulation and supervision. He defended his Phd (Marie Curie Fellowship) at Erasmus University Rotterdam. His work has been published on Perspectives on Federalism, European Papers, and the Common Market Law Review. .

Contents:

Chapter 1: Introduction

Part 1: The Regulation of Cross-Border Finance

Chapter 2: Financial Regulation and Systemic risk

Chapter 3: The Regulation of Globalized Finance

Part 2: Cross-Border Regulation in the EU: The Passport and the Equivalence Regime

Chapter 4: The Passport Regime

Chapter 5: The EU Equivalence Regime: Financial Regulation between the EU and Third Countries. - Part 3: The Regulation of Cross-Border Finance

Chapter 6: Evaluating the Effectiveness of Equivalence: towards an Analytical Framework

Chapter 7: A Cross-Industry Analysis of EU Equivalence Frameworks. Are they Effective?

Chapter 8: The Equivalence Framework for Central Counterparties. EU Regulation and Supervision

Chapter 9: A Proposal to Reform the EU Equivalence Regime.

Notes:

Includes bibliographical references (pages 235-261) and index.

Other Format:

Print version: Pennesi, Francesco Equivalence in Financial Services

ISBN:

9783030992699

9783030992682