The Age of ESMA : Governing EU Financial Markets.

The Age of ESMA : Governing EU Financial Markets.

"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. Refle...

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Bibliographic Details
Main Author: Moloney, Niamh
Format: eBook
Language:English
Published: London : Bloomsbury Publishing PLC, 2018.
Subjects:
European Securities and Markets Authority.
European Securities and Markets Authority
Capital market > Law and legislation > European Union countries.
Securities > European Union countries.
LAW / Business & Financial.
Capital market > Law and legislation
Securities
European Union countries
Online Access:Click for online access
Table of Contents:
  • Intro; Preface; Contents; Table of Treaties, Regulations, and Directives; Table of Abbreviations; 1. Introducing ESMA; I. Introduction: Examining ESMA through an Institutional Lens; II. Characterising ESMA: ESMA's Setting and its Role; III. Contextualising ESMA; IV. Technocratic Influence, Effectiveness, and Legitimacy; V. Roadmap; 2. ESMA's Governance; I. Assessing ESMA and its Governance Arrangements; II. Examining ESMA's Governance Arrangements; III. Contextualising ESMA's Governance Arrangements: Influence, Effectiveness, and Legitimacy; IV. ESMA's Institutional Design
  • v. ESMA's External Governance ArrangementsVI. ESMA's Funding Arrangements; VII. Conclusion; 3. ESMA and Regulatory Governance; I. Assessing ESMA and the Regulatory Governance Setting; II. Examining ESMA's Role in Regulatory Governance; III. Contextualising ESMA's Role: Influence, Effectiveness, and Legitimacy; IV. Building the Single Rule-book: ESMA as Architect of EU Administrative Financial Market Regulation; V. Building the Soft Law Rule-book: ESMA as the Designer and Custodian of EU Financial Market Soft Law; VI. The Legislative Process: Shaping Regulatory Governance from the Bottom Up
  • VII. Conclusion4. ESMA and Supervisory Convergence; I. Assessing ESMA and the Supervisory Convergence Setting; II. Examining ESMA's Role in Supervisory Convergence; III. Contextualising ESMA's Role: Influence, Effectiveness, and Legitimacy; IV. Supervisory Convergence in Practice; V. Conclusion; 5. ESMA and Direct Supervision/Market Intervention; I. Assessing ESMA and the Direct Supervision/Market Intervention Setting; II. Examining ESMA's Role as a Direct Supervisor; III. Contextualising ESMA's Role: Influence, Effectiveness, and Legitimacy
  • IV. Direct Supervision in Practice: Rating Agencies and Trade RepositoriesV. NCA-Oriented Supervision: Breach of EU Law, Binding Mediation, and Emergency Conditions; VI. Exceptional Intervention: Short Selling, Product/Services Intervention, and Intervention in the Commodity Derivatives Market; VII. The 2017/2018 Reform Waypoint (1): CCP Supervision and the 'European Supervisory Mechanism'; VIII. The 2017/2018 Reform Waypoint (2): The 2017 ESA Proposal; IX. And the Direction of Travel Continues: The 2018 Crowdfunding Proposal; X. Conclusion; 6. ESMA as a Network Actor
  • I. ESMA as a Network ActorII. ESMA and the EU Financial Governance Network; III. ESMA and the International Financial Market Governance Network; IV. Conclusion; Postscript; Index

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