ユーロエリアの証券規制 : 市場・規制・戦略

概要

論文の詳細を見る
Europe's securities markets are becoming more integrated, as evidenced with various segments of markets since introduction of single currency euro in 1999, along with European Commission's continued efforts toward successful completion of the legislative measures for the Financial Services Action Plan (FSAP), 93% of which objectives has been reported to be approved. The true goal for integration and creation of efficient EU securities market, however, should be successful implementation and better enforcement rather than introducing legislation, which will require further consultation and coordination work of Level 2 and 3 of Lamfalussy process where CESR in particular is expected to play a major role as a coordinator between various interested parties including regulators/supervisors, market operators/participants, end-users. The article reviews recent developments of EU legislation on securities market regulations to examine key factors for implementation and analyze controversial issues probable in the future process.
麗澤大学の論文