EU Banking and Financial Regulation

EU Banking and Financial Regulation presents a comprehensive and systematic overview of the major directives and regulations which currently govern the EU’s banking and finance industries. Offering a depiction of the main EU rules, this timely book not only addresses the various banking and financial legislations relating to EU supervisors, banks and financial markets, but also considers more peripheral issues such as anti-money laundering, whilst referring to important case law. Consisting of 16 thematic parts, the book explores the current legal framework applicable to the banking and finance industry and examines the structure and organisation of the various EU legislations. Focus is also given to the evolution of banking and financial regulations which allows for comparative links to be drawn between the diverse legislation. This accessible book aims to be a fundamental resource for practitioners and public servants in the legal and financial sectors. Undergraduate and postgraduate students alongside academics interested in European finance and banking law will also find this book to be a highly valuable read.

Table of Contents:
Contents: PART I EU SUPERVISORS 1 Introduction on EU supervisors 7 2 European Banking Authority 11 3 European Securities and Markets Authority 23 4 European Insurance and Occupational Pensions Authority 33 5 European Central Bank 41 6 European Systemic Risk Board 49 PART II BANKING 7 Introduction on banking 55 8 Banking activities and institutions 59 9 Single Supervisory Mechanism 92 10 Bank Recovery and Resolution Directive 110 11 Single Resolution Mechanism 132 12 Reorganisation and winding-up of credit institutions 141 13 Deposit guarantee schemes 150 14 Non-performing Loans Directive 159 PART III SECURITIES 15 Introduction on securities 16 Prospectus 170 17 Transparency 183 18 Short selling 191 19 Takeover bids 198 20 Shareholders’ Rights Directive II 206 PART IV FINANCIAL MARKETS 21 Introduction on financial markets 214 22 MiFID II 219 23 IFR/IFD 243 24 Market abuse 253 25 Securities Financing Transactions Regulation 267 26 The Securitisation Regulation 275 27 Credit rating agencies 283 PART V DERIVATIVES, COLLATERAL MANAGEMENT AND POST-MARKET 28 Introduction on derivatives, collateral management and post-market 295 29 EMIR 302 30 Recovery and resolution of central counterparties 323 31 Settlement Finality Directive 337 32 Securities settlement and central securities depositories 343 33 Financial collateral arrangements 354 PART VI BENCHMARKS 34 Introduction on benchmarks 362 35 Benchmarks 365 PART VII FUNDS 36 Introduction on funds 378 37 Undertakings for Collective Investment in Transferable Securities 381 38 AIFMD 391 39 IFR/IFD 406 40 European Venture Capital Funds 412 41 ELTIF 418 42 Money Market Funds Regulation 426 43 Cross-border fund distribution 434 PART VIII INSURANCE 44 Introduction on insurance 442 45 Solvency II 445 46 Insurance Distribution Directive 467 PART IX PENSIONS 47 Introduction on pensions 480 48 Institutions for Occupational Retirement Provision II Directive 482 49 Pan-European Pension Product Regulation 488 PART X MARKETING 50 Introduction on marketing 497 51 Distance marketing of financial services 500 52 PRIIPs 508 PART XI PAYMENT SERVICES/E-MONEY 53 Introduction on payment services/e-money 517 54 Payment services 521 55 E-money 530 56 Payment accounts 535 57 Interchange fees 540 58 SEPA 547 59 Cross-border payments in the Union 553 PART XII COMPLIANCE 60 Introduction on compliance 558 61 Anti-money laundering and terrorist financing 561 62 Information accompanying transfer of funds 573 PART XIII CONSUMER CREDIT PROTECTION 63 Introduction on consumer credit protection 579 64 Consumer credit 581 65 Mortgage credit 591 PART XIV CROWDFUNDING 66 Introduction on crowdfunding 599 67 Crowdfunding 601 PART XV SUSTAINABLE FINANCE 68 Introduction on sustainable finance 611 69 SFDR 615 70 Taxonomy 625 71 Non-Financial Reporting Directive 634 72 Corporate Sustainability Reporting Directive 639 PART XVI DIGITAL FINANCE 73 Introduction on digital finance 646 74 DLT 649 75 MiCA 653 76 DORA 661