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II. The Lamfalussy legislative model: a new era for the EC securities and investment services regime

Moloney, Niamh ORCID: 0009-0000-6035-8053 (2003) II. The Lamfalussy legislative model: a new era for the EC securities and investment services regime. International and Comparative Law Quarterly, 52 (2). pp. 509-520. ISSN 0020-5893

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Identification Number: 10.1093/iclq/52.2.509

Abstract

The worldwide repercussions of the Enron collapse have placed the effectiveness of the EC's system of securities and investment services market regulation, particularly with respect to disclosure, market transparency, and auditor independence, under a harsh spotlight.1 But the regime was already undergoing a sea change that may have longstanding repercussions for how EC securities and investment services markets are regulated. In particular, sweeping changes have been made to the way in which EC securities and investment services measures are adopted. These changes have set the stage for a dramatic change in the detail, regulatory sophistication, and degree of intervention in Member States' system of the EC securities and investment services regime. They have not, however, required a Treaty revision but are based on the comitology process for delegated law making.

Item Type: Article
Official URL: http://journals.cambridge.org/action/displayJourna...
Additional Information: © 2003 British Institute of International and Comparative Law
Divisions: Law
Subjects: H Social Sciences > HG Finance
K Law > K Law (General)
Date Deposited: 04 Jan 2011 15:05
Last Modified: 01 Nov 2024 05:15
URI: http://eprints.lse.ac.uk/id/eprint/31118

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