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Instructors: Prof. Dr. Wolf-Georg Ringe
Event type:
Lecture
Displayed in timetable as:
European Financial
Hours per week:
2
Credits:
2,0
Language of instruction:
English
Min. | Max. participants:
- | -
Comments/contents:
The course ‘European Financial Regulation’ is designed to constitute a platform for interdisciplinary study of major areas of financial regulation in an EU context. The aim of this course is to introduce students into the macro-structures of EU financial law in a global context. The course will explain the function of the financial markets in terms of money and credit supply, and the role of financial law in terms of risk mitigation and maintaining long term market stability.
The course will
(i) introduce students to the key notions and concepts of EU financial regulation;
(ii) explain the role of and relationship between the different players in the financial markets;
(iii) discuss how regulation of those actors aims at maintaining the delicate balance resulting in financial stability;
(iv) evaluate the merits of regulation of different national and pan-European regulation techniques, and explore their comparative advantages;
(v) explain the legal background of financial instruments and financial techniques;
(vi) explain the function of the central bank, financial supervisors and financial regulators within the EU financial system.
The approach taken will be both functional and comparative, looking at a series of core problems with which any system of financial regulation must deal, and analysing, from a functional perspective, the solutions adopted in the EU. The course seeks to situate these solutions in the underlying concepts and assumptions of the EU framework, as these often provide an explanation for the particular legal solution adopted. To this end, the course begins with a contextual overview of the ‘roots’ of EU financial markets regulation, which are then applied in the following seminars on more substantive topics.
Literature:
Students will be expected to read a range of survey articles and research papers.
Background reading includes
John Armour et al, Principles of Financial Regulation (OUP 2016)
Jakob de Haan, Dirk Schoenmaker and Peter Wierts, Financial Markets and Institutions: a European Perspective (4th edition, Cambridge University Press 2020)
Niamh Moloney, EU Securities and Financial Markets Regulation (3rd edition, OUP 2016)
The complete reading list will appear in the semester plan.
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