The financial crisis of 2007-9 revealed serious failings in the regulation of financial institutions and markets, and prompted a fundamental reconsideration of the design of financial regulation. As the financial system has become ever-more complex and interconnected, the pace of evolution...

There is a heated debate on shareholder versus stakeholder governance. The stakeholder view recognises that companies have broader responsibilities to society than just making profit. But the lack of an integrated measure makes it difficult to hold management accountable against multiple goals....

Countries aspire to have a competitive financial system that is consistent with financial stability, inspires public confidence, and has the capacity to meet the needs of users and to foster growth in the real economy. This paper, which has been written for the Handbook on Financial Regulation...

In the essay we describe and analyse how the principle of equal treatment found in Article 3.1 (a) in the EU Takeover Bids Directive (2004/25/EC) has come to be applied as a ban on price differentiation between different voting classes in the offeree company in Sweden. We conclude that this...