Regulating and Supervising Investment Services in the European Union

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This text provides an extensive and critical assessment of the current regulatory and supervisory framework of investment services in the European Union (EU) and proposes alternative institutional structures. Trends in financial services at EU level, as well as regulatory and institutional developments at national level, make the focus of this book very timely. It contributes to the debate by making specific suggestions with regard to the institutional structure and the operational sphere of a central pan-European regulator.