The Prospectus Regime and Brexit
From Prospectus Regulation and Prospectus Liability
Edited by Danny Busch, Guido Ferrarini, and Jan Paul Franx

This introductory chapter discusses the new prospectus regime of the European Union. In particular, it delves into the Action Plan on Building a Capital Markets Union, and the impact of recent events such as Brexit, before turning to a brief overview of the following chapters.

The Economic Consequences of Europe’s Banking Union
By Nicolas Véron.
From European Banking Union (Second Edition)
Edited by Danny Busch and Guido Ferrarini

This chapter considers how Europe’s banking union is a structural shift for the euro area’s banking sector, and sets out the trends and challenges that may emerge as a result.
 

Governing Financial Institutions: Law and Regulation, Conduct and Culture
From Governance of Financial Institutions
Edited by Danny Busch, Guido Ferrarini, and Gerard van Solinge

This introductory chapter provides an overview of the governance of financial institutions, including lessons learned from the financial crisis and a discussion of the role of conduct and culture.

Capital Markets Union after Brexit
From Capital Markets Union in Europe
Edited by Danny Busch, Emilios Avgouleas, and Guido Ferrarini

The editors briefly outline some general aspects of CMU, including the CMU objectives, the EBU–CMU relationship, regulatory burden, and better regulation and the call for evidence. 

Who’s Afraid of MiFID II?: An Introduction
From Regulation of the EU Financial Markets: MiFID II and MiFIRI
Edited by Danny Busch and Guido Ferrarini

After first briefly outlining the history of the European regulation of investment firms and regulated markets, this chapter provides a summary and overview of the chapters of this book, followed by a treatment of the central term ‘investment firm’.

The Alternative Investment Fund Managers Directive
From Alternative Investment Funds in Europe
Edited by Lodewijk van Setten and Danny Busch

This chapter sets out the background of the Alternative Investment Fund Managers Directive and its implementation, before discussing its general provisions, including the operating requirements, management authorization, transparency requirements, and more.