The European Securities and Markets Authority and Institutional Design for the EU Financial Market — A Tale of Two Competences: Part (2) Rules in Action

Author:

Moloney Niamh

Publisher

Springer Science and Business Media LLC

Subject

Law,Political Science and International Relations,Business and International Management

Reference212 articles.

1. N. Moloney, ‘The European Securities and Markets Authority and Institutional Design for the EU Financial Market — A Tale of Two Competences: Part (1) Rule-making’, 12 European Business Organization Law Review (2011) p. 41 (Part 1).

2. Regulation (EU) No 1095/2010, OJ 2010 L 331/84. The 2010 Omnibus Directive sets out the first set of delegations to ESMA under pre-existing EU rules: Directive 2010/78/EU, OJ2010 L 331/120. It is to be implemented by 31 December 2011. ESMA’s first official publication took the form of an FAQ document: ESMA, Frequently Asked Questions. A Guide to Understanding ESMA (2011). On ESMA, see further E. Ferran, ‘Understanding the Shape of the New Institutional Architecture of EU Financial Market Supervision’ (2010), available at: , and E. Wymeersch, ‘The Reforms of the European Financial Supervisory System — An Overview’, 7 European Company and Financial Law Review (2010) p. 240.

3. Respectively, Regulation (EU) No 1093/2010, OJ 2010 L 331/12 and Regulation (EU) No 1094/2010, OJ 2010 L 331/48. This article focuses on the securities markets.

4. Regulation (EU) No 1090/2010, OJ 2010 L 331/1. See further K. Alexander and E. Ferran, ‘Can Soft Law Bodies Be Effective: The Special Case of the European Systemic Risk Board’, 35 European Law Review (2010) p. 751, and F. Recine and P.G. Teixeira, ‘The New Financial Stability Architecture in the EU’ (2009), available at: .

5. The High-Level Group on Financial Supervision in the EU, Report (2009) (the DLG Report), at pp. 38–39.

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