At the end of the 1990s, the European Commission launched the then-considered forward-looking idea of a pan-European private law code merging national legal traditions – both civil and common – and, eventually, replacing them (horizontal approach). The project never became law, and, still...

The paper examines the International Organization of Securities Commissions (IOSCO), and it analyzes the role played by the European Union in the landscape of international finance. The aim is to test how far we can conceive of the EU as the heir to the traditional State rule-makers in the...

The core aim of this article is to give an overview of the domestic public supervision of securities markets in Romania and in the European Union in order to understand the role of Romania in the European context, taking investor protection as a study case. To this aim, the first part of the...

Peer reviewed article. The US and the EU financial markets share, by and large, the same size and level of complexity. However, the EU institutional architecture of securities supervision looks far less sophisticated than the American one. The article gives an account of the different legal...

The article describes the different regulatory regimes for broker-dealers and investment advisors concerning the provision of investment services to American retail investors, focusing on the suitability rule and the fiduciary duty. The article then explains how the European suitability rule...

As the current endless crisis clearly proves, world financial markets are closely interconnected. In order to provide a legal backdrop, a soft-law body, named the International Organisation of Securities Commissions (IOSCO), was established and tasked with encouraging an efficient flow of...

This book analyzes the legal system for the protection of retail investors under the European Union law of investment services. It identifies the regulatory leitmotiv driving the EU lawmaker and ascertains whether and to what extent such a system is self-sufficient, using a set of EU-made and...