This paper, the third in a series for a CEPS project on the ‘The British Question', is pegged on an ambitious exercise by the British government to review all the competences of the European Union on the basis of evidence submitted by independent stakeholders. The reviews considered in this...

With the financial crisis, citizens suddenly realized that different levels and forms of depositor protection co-existed in the EU, whereas they had been told for almost 20 years that a single market was in place. Current deposit insurance arrangements in Europe need to be changed, as they match...

This paper starts with a bird's eye view of retail financial markets in the EU today and their degree of integration. It reviews the EU measures affecting retail financial markets and how rule-making has evolved over the last 15 years. A third section discusses issues raised by EU rule-making in...

In the run-up to this week's European Council, Karel Lannoo offers his assessment of what has been put on the table so far in response to the euro crisis – and what more needs to be done. He starts with an assessment of the measures taken in the ‘six-pack' and the debate on the Euro-plus...

The financial crisis has led to a far-reaching redesign of the European regulatory and supervisory framework for financial markets. This book provides students and professionals with a lucid guide to the new regulations and the policy context that led to the changes.

This CEPS Policy Brief reviews key aspects of the new financial paradigm in a transatlantic perspective, focusing on the general approach in EU and US legislation in response to the financial crisis and the G-20 commitments and specifically as regards the extraterritorial implications. Following...

After more than a decade of indecision, the EU is finally now set to implement a consistent regulatory architecture for clearing and settlement. Following the agreement on a European market infrastructure Regulation (EMIR), the European Commission has proposed harmonized rules for centralized...

The EU is well advanced in (re-)shaping the regulatory structure for securities markets. As part of this exercise, the EU is rapidly finalizing a more harmonized framework for disclosure in the prospectus, market abuse and transparency directives, and has created the structure for harmonized...

Ahead of the 2019 institutional reconfiguration of the EU is a fitting moment to take stock of the European integration process and decide which priorities should define the strategic agenda of the next generation of incumbents.While acknowledging that the entire EU collective is concerned –...