Financial services in Europe: an introductory overview
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Austin [u.a.]
Wolters Kluwer Law & Business
2008
|
| Schriftenreihe: | Kluwer European law library
3 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIII, 239 S. graph. Darst. |
Internformat
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV023353852 | ||
| 003 | DE-604 | ||
| 005 | 20090401 | ||
| 007 | t | ||
| 008 | 080619s2008 d||| |||| 00||| eng d | ||
| 020 | |z 9789041127013 |9 978-90-411-2701-3 | ||
| 035 | |a (OCoLC)192056340 | ||
| 035 | |a (DE-599)BVBBV023353852 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-M382 | ||
| 050 | 0 | |a KJE2188 | |
| 082 | 0 | |a 332.094 |2 22 | |
| 084 | |a PS 3280 |0 (DE-625)139760: |2 rvk | ||
| 245 | 1 | 0 | |a Financial services in Europe |b an introductory overview |c ed. by Martijn van Empel |
| 264 | 1 | |a Austin [u.a.] |b Wolters Kluwer Law & Business |c 2008 | |
| 300 | |a XIII, 239 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Kluwer European law library |v 3 | |
| 610 | 2 | 7 | |a Europäische Union |0 (DE-588)5098525-5 |2 gnd |9 rswk-swf |
| 650 | 4 | |a Financial services industry--Law and legislation--European Union countries | |
| 650 | 4 | |a Recht | |
| 650 | 4 | |a Capital market |x Law and legislation |z European Union countries | |
| 650 | 4 | |a Commercial law |z European Union countries | |
| 650 | 4 | |a Financial services industry |x Law and legislation |z European Union countries | |
| 650 | 0 | 7 | |a Kapitalmarktrecht |0 (DE-588)7573652-4 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Mitgliedsstaaten |0 (DE-588)4170174-4 |2 gnd |9 rswk-swf |
| 651 | 4 | |a Europäische Union. Mitgliedsstaaten | |
| 655 | 7 | |0 (DE-588)4143413-4 |a Aufsatzsammlung |2 gnd-content | |
| 689 | 0 | 0 | |a Europäische Union |0 (DE-588)5098525-5 |D b |
| 689 | 0 | 1 | |a Mitgliedsstaaten |0 (DE-588)4170174-4 |D s |
| 689 | 0 | 2 | |a Kapitalmarktrecht |0 (DE-588)7573652-4 |D s |
| 689 | 0 | |5 DE-604 | |
| 700 | 1 | |a Empel, Martijn van |e Sonstige |4 oth | |
| 830 | 0 | |a Kluwer European law library |v 3 |w (DE-604)BV019845195 |9 3 | |
| 856 | 4 | 2 | |m SWB Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016537422&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-016537422 | ||
Datensatz im Suchindex
| _version_ | 1804137712975872000 |
|---|---|
| adam_text | TABLE OF CONTENTS FOREWORD XV CHAPTER 1 THE FINANCIAL SYSTEM AND
INSTITUTIONS 1 GUSTAVO VISENTINI AND MIRTA MUSOLINO I. GENERAL 1 A. THE
NOTION OF FINANCE 1 1. FINANCIAL MARKETS AND INSTITUTIONS 1 2.
FINANCE VERSUS CORPORATE FINANCE 3 3. FINANCE VERSUS MONEY 3 4.
SUMMARY 4 B. THE ROLE OF FINANCE IN AN ECONOMIC SYSTEM 5 C. FINANCE FROM
A LEGISLATOR S PERSPECTIVE 6 II. OVERVIEW OF TYPES OF FINANCIAL
ACTIVITIES 7 A. CATEGORIES AND RECENT DEVELOPMENTS 7 B. SPECIFIC
FINANCIAL ACTIVITIES 9 1. BANKING 10 2. STOCK MARKET 13 A. GENERAL 13 B.
PLAYERS 14 3. INSURANCE 17 III. TYPES OF FINANCIAL INSTRUMENTS 17 IV.
PURPOSE AND SCOPE OF FINANCIAL REGULATION 20 A. GENERAL 20 1. REGULATION
FOR MONETARY PURPOSES 20 2. THE RATIONALE FOR SUPERVISORY REGULATION 21
TABLE OF CONTENTS B. THE THREE MODELS 21 1. DIFFERENT BANKING MODELS 21
2. DIFFERENT MODELS OF CAPITALISM 22 C. THE PURPOSE OF INVESTORS
PROTECTION 24 CHAPTER 2 FINANCIAL SERVICES IN THE EU: HARMONIZATION AND
LIBERALIZATION 25 MARTIJN VAN EMPEL I. II. III. IV. FINANCIAL SERVICES
IN THE EC TREATY BANKING A. B. C. D. BACKGROUND THE FIRST GENERATION:
RIGHT OF ESTABLISHMENT THE SECOND GENERATION: FREE MOVEMENT OF SERVICES
AND BRANCHES 1. INTRODUCTION 2. ARTICLE 18: AN ANALYSIS 3. FREE
MOVEMENT: PROCEDURAL ASPECTS MISCELLANEOUS INSURANCE A. B. C. D. E.
BACKGROUND THE FIRST GENERATION 1. GENERAL 2. NON-LIFE INSURANCE 3. LIFE
ASSURANCE THE INTERMEDIATE GENERATION 1. GENERAL 2. NON-LIFE INSURANCE
3. LIFE ASSURANCE THE THIRD GENERATION 1. GENERAL 2. NON-LIFE INSURANCE
3. LIFE ASSURANCE THE FUTURE CAPITAL MARKETS A. B. C. GENERAL SECURITIES
- LISTING AND PUBLIC OFFER 1. OFFICIAL STOCK EXCHANGE LISTING 2. OFFER
OF TRANSFERABLE SECURITIES TO THE PUBLIC FINANCIAL INTERMEDIARIES 1.
GENERAL 2. UCITS 3. THE INVESTMENT SERVICES DIRECTIVE 25 26 26 28 29 29
30 34 35 36 36 41 41 41 43 43 43 44 44 45 45 45 46 47 47 47 48 48 50 51
51 52 53 TABLE OF CONTENTS IX 4. NEW PERSPECTIVES: THE LAMFALUSSY
PROCESS 55 5. THE MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE (MIFID) 55
V. PENSIONS 56 A. GENERAL 56 B. THE PENSION FUND DIRECTIVE 59 C. SECOND
PILLAR PENSIONS AND TAXES 61 CHAPTER 3 CAPITAL MARKETS 63 PAUL
SEBASTIANUTTI I. PRIVATE LAW AND BASIC DYNAMICS 63 A. MARKETS, PRODUCTS,
PLAYERS 63 1. TRADITIONAL CAPITAL MARKETS 63 A. DEBT MARKET INSTRUMENTS
64 B. DERIVATIVE INSTRUMENTS 65 C. MAJOR PLAYERS 65 2. RECENT
DEVELOPMENTS IN THE GLOBALIZED CAPITAL MARKETS 65 B. THE NATURE OF
INTERNATIONAL FINANCIAL LAW (IFL) IN THE EUROPEAN CAPITAL MARKETS - WHAT
LAW GOVERNS THE GLOBAL CAPITAL MARKETS IN EUROPE? 67 1. WHAT IS IFL? 67
A. IFL IS DISTINCTIVE 69 B. TRADITIONAL PARAMETERS PERTINENT TO IFL: THE
INTERNATIONAL DIMENSION 69 C. WHAT MAKES IFL DISTINCTIVE? 69 D. WHAT
MAKES INTERNATIONAL FINANCIAL LAW DISTINCTIVE FROM NON-FINANCIAL
INTERNATIONAL LAW AND, OF COURSE, DOMESTIC LAW 70 2. LAYERING EFFECTS 70
3. WHAT ABOUT A LEX MERCATORIA FINANTIA EUROPEAL 73 A. STRONG FORM OF
ARGUMENT 75 B. WEAK VERSION 77 4. META-GAMES 78 5. HENCE THE NEED FOR A
USER S MANUAL FOR MAPPING IFL 81 C. BASIC LEGAL DYNAMICS IN IFL 82 1. A
TRADITIONAL MODEL 82 A. AN ALTERNATIVE MINDSET 83 2. A STANDARD
THREE-STEP INTERACTION ROUTE 83 A. GOT A (EURO) DIME, BUDDY? I NEED A
LOAN 85 D. ONE STEP AT A TIME - THE FIRST STEP: CHARACTERIZATION 85 A.
DEPRESSING PROBLEMS WITH DERIVATIVES 93 TABLE OF CONTENTS 1. MONEY
PROBLEMS 94 A. THE BASIC BUILDING BLOCK OF FINANCIAL MARKETS - A
MONETARY OBLIGATION 94 B. EUROPEAN CHARACTERIZATIONS OF MONETARY
OBLIGATIONS 94 C. BASIC ANSWERS 100 D. BANK MONEY 103 2. A CASE STUDY IN
ACCOMMODATING ECONOMIC INNOVATION - A BRIEF EXCURSUS ON THE LEGAL
CHARACTERIZATION OF THE SWAP 108 A. LEGAL INNOVATION IN THE EUROPEAN
FINANCIAL MARKETS 108 B. LET S MAKE IT SIMPLE: THE INTEREST RATE SWAP
(IRS) 110 II. PUBLIC LAW ISSUES AFFECTING CAPITAL MARKETS IN EUROPE 114
A. SECURITIES LEGISLATION - GENERAL 114 B. SECURITIES REGULATIONS -
EUROPE 114 C. PRIMARY MARKET REGULATION 116 1. EUROPEAN BLACK-LETTER LAW
116 2. PRIMARY MARKET REGULATION: UNDERLYING POLICY 124 3. UNDERLYING
LEGAL TECHNIQUE 125 D. SECONDARY MARKET REGULATION: THE EUROPEAN
SITUATION 126 1. EUROPEAN UNION DIRECTIVES 126 A. THE INVESTMENT
SERVICES DIRECTIVE (MIFID) 127 B. DIRECTIVE 2003/6/EC ON INSIDER DEALING
AND MARKET MANIPULATION (MARKET ABUSE DIRECTIVE) 135 2.
NON-ECONOMICALLY-INSPIRED REGULATIONS 139 E. DECONSTRUCTING SECURITIES
LEGISLATION - A GENERAL MODEL 139 1. FUNDAMENTALS 140 2. FITTING
EUROPEAN LEGISLATION INTO THIS CONCEPTUAL MODEL 142 3. SIMPLE GENERAL
MODEL FOR SECURITIES REGULATIONS 144 4. POINTS OF CONTACT 145 III. A
PRELIMINARY MODEL FOR MANAGING LEGAL RISK AT THE MICRO LEVEL IN EUROPEAN
FINANCIAL LAW - PULLING THE VARIOUS THREADS OF DISCUSSION TOGETHER 147
APPENDIX: SWAP CONTRACTS: A BRIEF, SUBVERSIVE INTRODUCTION 151 A.
DESCRIPTION OF THE SWAP 151 B. THE IRS (NOT THE INTERNAL REVENUE
SERVICE, THE INTEREST RATE SWAP) 152 C. THE INTEREST RATE AND CURRENCY
SWAP 154 D. VARIETY IS THE SPICE OF LIFE: OTHER TYPES OF SWAP 155 E.
PRELIMINARY CONCLUSIONS 155 TABLE OF CONTENTS XI F. WHY DO PARTIES ENTER
INTO INTEREST RATE SWAPS? 157 1. LEVEL ONE EXPLANATION (SURFACE): A
FORMALISTIC LEGAL EXPLANATION 157 2. LEVEL TWO EXPLANATION (DEEP
STRUCTURE): SUBSTANCE OVER FORM 157 3. LEVEL THREE EXPLANATION (DEEPER
STRUCTURE) 158 CHAPTER 4 FUNDING AND SECURITY 159 S. SAMI H. CHOWDHURY
I. INTRODUCTION 159 II. FUNDING 160 A. LOANS 160 1. BANK LOANS AND
OVERDRAFTS 160 2. SYNDICATED LOANS AND LOAN PARTICIPATIONS 161 B.
SURETY, GUARANTEES 162 C. LETTERS OF CREDIT 162 III. SECURITY:
CONTROLLING EXPOSURE 163 A. GENERAL CONSIDERATIONS 163 1. JUSTIFICATION
FOR PROTECTION OF CREDIT 164 2. TYPOLOGY OF CREDITOR PROTECTION 165 3.
CENTRAL ISSUES IN PROPRIETARY SECURITY 165 4. SOURCES OF LAW 167 B.
QUASI-SECURITY 167 1. OBLIGATORY QUASI-SECURITY 167 2. PRIVILEGES IN
ROMANISTIC CIVIL LAW 168 3. RETENTION RIGHTS AND LIENS 169 4. SET OFF
169 5. RESCISSION RIGHTS 171 C. PERSONAL SECURITY 171 D. SECURED
TRANSACTIONS: POSSESSORY AND NON-POSSESSORY SECURITY INTERESTS 172 1.
POSSESSORY SECURITY INTERESTS 172 A. CHATTEL PLEDGE 173 B. CIVIL LAW
INTANGIBLES PLEDGE 174 2. NON-POSSESSORY SECURITY INTERESTS 174 E.
OWNERSHIP-BASED FUNDING 176 1. SALES CREDIT PROTECTION 176 A. SIMPLE
RESERVATION OF TITLE CLAUSES 177 B. EXTENDED RESERVATION OF TITLE
CLAUSES 180 2. LOAN CREDIT PROTECTION 181 F. UNITARY FUNCTIONAL
APPROACHES 183 G. FINANCE SALES AND RELATED PRODUCTS 185 XII TABLE OF
CONTENTS IV. HARMONIZATION EFFORTS 186 A. EU LEGISLATION 187 B. THE
MODEL LAW APPROACH 189 C. GLOBAL HARMONIZATION EFFORTS 190 V. CONCLUSION
191 CHAPTER 5 LETTERS OF CREDIT IN A TRADE FINANCE PERSPECTIVE 193 LARS
GORTON I. IN GENERAL 193 II. DIFFERENT TYPES OF PAYMENT METHODS AND
FORMS OF FINANCIAL SECURITY 194 III. COORDINATION BETWEEN THE BASIC
AGREEMENT AND THE PAYMENT/SECURITY ARRANGEMENT 196 IV. RULES APPLICABLE
TO PAYMENT AND FINANCIAL SECURITY 198 V. WHO MAY ISSUE THE PARTICULAR
INSTRUMENTS? 199 VI. FUNCTIONS AND DESIGN OF THE VARIOUS UNDERTAKINGS
200 VII. PARTIES INVOLVED 202 VIII. SOME QUESTIONS OF PARTICULAR
IMPORTANCE 203 A. IN GENERAL 203 B. THE DRAFTING OF LETTERS OF CREDIT
AND GUARANTEES 204 C. SOME REMARKS ON THE DOCUMENTS, IN PARTICULAR THE
TRANSPORT DOCUMENTS 205 D. THE PRESENTATION OR DEMAND 206 E. CERTAIN
BANKRUPTCY QUESTIONS 207 F. THE DUTY TO EXAMINE DOCUMENTS 208 G. THE
FRAUD SITUATION OR THE UNFAIR CALLING 210 IX. SOME FINAL REMARKS 212 X.
SELECTED LIST OF REFERENCES 213 CHAPTER 6 RETAIL PAYMENTS IN THE EU 215
MARTIJN VAN EMPEL I. GENERAL BACKGROUND 215 A. PAYMENT AND MONEY 215 B.
WHOLESALE AND RETAIL 216 II. DEVELOPMENTS IN RETAIL PAYMENT INSTRUMENTS
217 A. LEGAL TENDER 217 B. BANK ACCOUNTS 218 C. CARDS 219 1. CREDIT
CARDS 219 TABLE OF CONTENTS XIII III. IV. V. VI. 2. DEBIT CARDS 3.
E-MONEY D. DIRECT DEBIT CROSS-BORDER ASPECTS OF RETAIL PAYMENTS WITHIN
THE EU A. LEGAL TENDER B. BANKS - CREDIT TRANSFERS C. CARDS 1. CREDIT
CARDS 2. DEBIT CARDS 3. ELECTRONIC CASH D. DIRECT DEBIT CROSS-BORDER
PAYMENTS: EC POLICY AND BANKS REACTIONS A. EC POLICY B. BANKS
REACTIONS C. THE SEPA CALENDAR RECENT DEVELOPMENTS A. BANKS B.
COMMISSION AND EC LEGISLATOR 1. PAYMENT SERVICES DIRECTIVE 2. THE
COMMISSION S CONSULTATIVE PAPER ON SEPA INCENTIVES CONCLUSION
CONTRIBUTORS INDEX 220 220 221 221 221 222 223 223 223 224 224 225 225
225 226 227 227 229 229 232 234 235 237
|
| adam_txt |
TABLE OF CONTENTS FOREWORD XV CHAPTER 1 THE FINANCIAL SYSTEM AND
INSTITUTIONS 1 GUSTAVO VISENTINI AND MIRTA MUSOLINO I. GENERAL 1 A. THE
NOTION OF 'FINANCE' 1 1. FINANCIAL MARKETS AND INSTITUTIONS 1 2.
'FINANCE' VERSUS 'CORPORATE FINANCE' 3 3. 'FINANCE' VERSUS 'MONEY' 3 4.
SUMMARY 4 B. THE ROLE OF FINANCE IN AN ECONOMIC SYSTEM 5 C. FINANCE FROM
A LEGISLATOR'S PERSPECTIVE 6 II. OVERVIEW OF TYPES OF FINANCIAL
ACTIVITIES 7 A. CATEGORIES AND RECENT DEVELOPMENTS 7 B. SPECIFIC
FINANCIAL ACTIVITIES 9 1. BANKING 10 2. STOCK MARKET 13 A. GENERAL 13 B.
PLAYERS 14 3. INSURANCE 17 III. TYPES OF FINANCIAL INSTRUMENTS 17 IV.
PURPOSE AND SCOPE OF FINANCIAL REGULATION 20 A. GENERAL 20 1. REGULATION
FOR MONETARY PURPOSES 20 2. THE RATIONALE FOR SUPERVISORY REGULATION 21
TABLE OF CONTENTS B. THE THREE MODELS 21 1. DIFFERENT BANKING MODELS 21
2. DIFFERENT MODELS OF CAPITALISM 22 C. THE PURPOSE OF INVESTORS'
PROTECTION 24 CHAPTER 2 FINANCIAL SERVICES IN THE EU: HARMONIZATION AND
LIBERALIZATION 25 MARTIJN VAN EMPEL I. II. III. IV. FINANCIAL SERVICES
IN THE EC TREATY BANKING A. B. C. D. BACKGROUND THE FIRST GENERATION:
RIGHT OF ESTABLISHMENT THE SECOND GENERATION: FREE MOVEMENT OF SERVICES
AND BRANCHES 1. INTRODUCTION 2. ARTICLE 18: AN ANALYSIS 3. FREE
MOVEMENT: PROCEDURAL ASPECTS MISCELLANEOUS INSURANCE A. B. C. D. E.
BACKGROUND THE FIRST GENERATION 1. GENERAL 2. NON-LIFE INSURANCE 3. LIFE
ASSURANCE THE INTERMEDIATE GENERATION 1. GENERAL 2. NON-LIFE INSURANCE
3. LIFE ASSURANCE THE THIRD GENERATION 1. GENERAL 2. NON-LIFE INSURANCE
3. LIFE ASSURANCE THE FUTURE CAPITAL MARKETS A. B. C. GENERAL SECURITIES
- LISTING AND PUBLIC OFFER 1. OFFICIAL STOCK EXCHANGE LISTING 2. OFFER
OF TRANSFERABLE SECURITIES TO THE PUBLIC FINANCIAL INTERMEDIARIES 1.
GENERAL 2. UCITS 3. THE INVESTMENT SERVICES DIRECTIVE 25 26 26 28 29 29
30 34 35 36 36 41 41 41 43 43 43 44 44 45 45 45 46 47 47 47 48 48 50 51
51 52 53 TABLE OF CONTENTS IX 4. NEW PERSPECTIVES: THE LAMFALUSSY
PROCESS 55 5. THE MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE (MIFID) 55
V. PENSIONS 56 A. GENERAL 56 B. THE PENSION FUND DIRECTIVE 59 C. 'SECOND
PILLAR' PENSIONS AND TAXES 61 CHAPTER 3 CAPITAL MARKETS 63 PAUL
SEBASTIANUTTI I. PRIVATE LAW AND BASIC DYNAMICS 63 A. MARKETS, PRODUCTS,
PLAYERS 63 1. TRADITIONAL CAPITAL MARKETS 63 A. DEBT MARKET INSTRUMENTS
64 B. DERIVATIVE INSTRUMENTS 65 C. MAJOR PLAYERS 65 2. RECENT
DEVELOPMENTS IN THE GLOBALIZED CAPITAL MARKETS 65 B. THE NATURE OF
INTERNATIONAL FINANCIAL LAW (IFL) IN THE EUROPEAN CAPITAL MARKETS - WHAT
LAW GOVERNS THE GLOBAL CAPITAL MARKETS IN EUROPE? 67 1. WHAT IS IFL? 67
A. IFL IS DISTINCTIVE 69 B. TRADITIONAL PARAMETERS PERTINENT TO IFL: THE
INTERNATIONAL DIMENSION 69 C. WHAT MAKES IFL DISTINCTIVE? 69 D. WHAT
MAKES INTERNATIONAL FINANCIAL LAW DISTINCTIVE FROM NON-FINANCIAL
INTERNATIONAL LAW AND, OF COURSE, DOMESTIC LAW 70 2. LAYERING EFFECTS 70
3. WHAT ABOUT A LEX MERCATORIA FINANTIA EUROPEAL 73 A. STRONG FORM OF
ARGUMENT 75 B. WEAK VERSION 77 4. META-GAMES 78 5. HENCE THE NEED FOR A
USER'S MANUAL FOR MAPPING IFL 81 C. BASIC LEGAL DYNAMICS IN IFL 82 1. A
TRADITIONAL MODEL 82 A. AN ALTERNATIVE MINDSET 83 2. A STANDARD
THREE-STEP INTERACTION ROUTE 83 A. GOT A (EURO) DIME, BUDDY? I NEED A
LOAN 85 D. ONE STEP AT A TIME - THE FIRST STEP: CHARACTERIZATION 85 A.
DEPRESSING PROBLEMS WITH DERIVATIVES 93 TABLE OF CONTENTS 1. MONEY
PROBLEMS 94 A. THE BASIC BUILDING BLOCK OF FINANCIAL MARKETS - A
MONETARY OBLIGATION 94 B. EUROPEAN CHARACTERIZATIONS OF MONETARY
OBLIGATIONS 94 C. BASIC ANSWERS 100 D. BANK MONEY 103 2. A CASE STUDY IN
ACCOMMODATING ECONOMIC INNOVATION - A BRIEF EXCURSUS ON THE LEGAL
CHARACTERIZATION OF THE SWAP 108 A. LEGAL INNOVATION IN THE EUROPEAN
FINANCIAL MARKETS 108 B. LET'S MAKE IT SIMPLE: THE INTEREST RATE SWAP
(IRS) 110 II. PUBLIC LAW ISSUES AFFECTING CAPITAL MARKETS IN EUROPE 114
A. SECURITIES LEGISLATION - GENERAL 114 B. SECURITIES REGULATIONS -
EUROPE 114 C. PRIMARY MARKET REGULATION 116 1. EUROPEAN BLACK-LETTER LAW
116 2. PRIMARY MARKET REGULATION: UNDERLYING POLICY 124 3. UNDERLYING
LEGAL TECHNIQUE 125 D. SECONDARY MARKET REGULATION: THE EUROPEAN
SITUATION 126 1. EUROPEAN UNION DIRECTIVES 126 A. THE INVESTMENT
SERVICES DIRECTIVE (MIFID) 127 B. DIRECTIVE 2003/6/EC ON INSIDER DEALING
AND MARKET MANIPULATION (MARKET ABUSE DIRECTIVE) 135 2.
NON-ECONOMICALLY-INSPIRED REGULATIONS 139 E. DECONSTRUCTING SECURITIES
LEGISLATION - A GENERAL MODEL 139 1. FUNDAMENTALS 140 2. FITTING
EUROPEAN LEGISLATION INTO THIS CONCEPTUAL MODEL 142 3. SIMPLE GENERAL
MODEL FOR SECURITIES REGULATIONS 144 4. POINTS OF CONTACT 145 III. A
PRELIMINARY MODEL FOR MANAGING LEGAL RISK AT THE MICRO LEVEL IN EUROPEAN
FINANCIAL LAW - PULLING THE VARIOUS THREADS OF DISCUSSION TOGETHER 147
APPENDIX: SWAP CONTRACTS: A BRIEF, SUBVERSIVE INTRODUCTION 151 A.
DESCRIPTION OF THE SWAP 151 B. THE IRS (NOT THE INTERNAL REVENUE
SERVICE, THE INTEREST RATE SWAP) 152 C. THE INTEREST RATE AND CURRENCY
SWAP 154 D. VARIETY IS THE SPICE OF LIFE: OTHER TYPES OF SWAP 155 E.
PRELIMINARY CONCLUSIONS 155 TABLE OF CONTENTS XI F. WHY DO PARTIES ENTER
INTO INTEREST RATE SWAPS? 157 1. LEVEL ONE EXPLANATION (SURFACE): A
FORMALISTIC LEGAL EXPLANATION 157 2. LEVEL TWO EXPLANATION (DEEP
STRUCTURE): SUBSTANCE OVER FORM 157 3. LEVEL THREE EXPLANATION (DEEPER
STRUCTURE) 158 CHAPTER 4 FUNDING AND SECURITY 159 S. SAMI H. CHOWDHURY
I. INTRODUCTION 159 II. FUNDING 160 A. LOANS 160 1. BANK LOANS AND
OVERDRAFTS 160 2. SYNDICATED LOANS AND LOAN PARTICIPATIONS 161 B.
SURETY, GUARANTEES 162 C. LETTERS OF CREDIT 162 III. SECURITY:
CONTROLLING EXPOSURE 163 A. GENERAL CONSIDERATIONS 163 1. JUSTIFICATION
FOR PROTECTION OF CREDIT 164 2. TYPOLOGY OF CREDITOR PROTECTION 165 3.
CENTRAL ISSUES IN PROPRIETARY SECURITY 165 4. SOURCES OF LAW 167 B.
QUASI-SECURITY 167 1. OBLIGATORY QUASI-SECURITY 167 2. PRIVILEGES IN
ROMANISTIC CIVIL LAW 168 3. RETENTION RIGHTS AND LIENS 169 4. SET OFF
169 5. RESCISSION RIGHTS 171 C. PERSONAL SECURITY 171 D. SECURED
TRANSACTIONS: POSSESSORY AND NON-POSSESSORY SECURITY INTERESTS 172 1.
POSSESSORY SECURITY INTERESTS 172 A. CHATTEL PLEDGE 173 B. CIVIL LAW
INTANGIBLES PLEDGE 174 2. NON-POSSESSORY SECURITY INTERESTS 174 E.
OWNERSHIP-BASED FUNDING 176 1. SALES CREDIT PROTECTION 176 A. SIMPLE
RESERVATION OF TITLE CLAUSES 177 B. EXTENDED RESERVATION OF TITLE
CLAUSES 180 2. LOAN CREDIT PROTECTION 181 F. UNITARY FUNCTIONAL
APPROACHES 183 G. FINANCE SALES AND RELATED PRODUCTS 185 XII TABLE OF
CONTENTS IV. HARMONIZATION EFFORTS 186 A. EU LEGISLATION 187 B. THE
MODEL LAW APPROACH 189 C. GLOBAL HARMONIZATION EFFORTS 190 V. CONCLUSION
191 CHAPTER 5 LETTERS OF CREDIT IN A TRADE FINANCE PERSPECTIVE 193 LARS
GORTON I. IN GENERAL 193 II. DIFFERENT TYPES OF PAYMENT METHODS AND
FORMS OF FINANCIAL SECURITY 194 III. COORDINATION BETWEEN THE BASIC
AGREEMENT AND THE PAYMENT/SECURITY ARRANGEMENT 196 IV. RULES APPLICABLE
TO PAYMENT AND FINANCIAL SECURITY 198 V. WHO MAY ISSUE THE PARTICULAR
INSTRUMENTS? 199 VI. FUNCTIONS AND DESIGN OF THE VARIOUS UNDERTAKINGS
200 VII. PARTIES INVOLVED 202 VIII. SOME QUESTIONS OF PARTICULAR
IMPORTANCE 203 A. IN GENERAL 203 B. THE DRAFTING OF LETTERS OF CREDIT
AND GUARANTEES 204 C. SOME REMARKS ON THE DOCUMENTS, IN PARTICULAR THE
TRANSPORT DOCUMENTS 205 D. THE PRESENTATION OR DEMAND 206 E. CERTAIN
BANKRUPTCY QUESTIONS 207 F. THE DUTY TO EXAMINE DOCUMENTS 208 G. THE
FRAUD SITUATION OR THE UNFAIR CALLING 210 IX. SOME FINAL REMARKS 212 X.
SELECTED LIST OF REFERENCES 213 CHAPTER 6 RETAIL PAYMENTS IN THE EU 215
MARTIJN VAN EMPEL I. GENERAL BACKGROUND 215 A. PAYMENT AND MONEY 215 B.
WHOLESALE AND RETAIL 216 II. DEVELOPMENTS IN RETAIL PAYMENT INSTRUMENTS
217 A. LEGAL TENDER 217 B. BANK ACCOUNTS 218 C. CARDS 219 1. CREDIT
CARDS 219 TABLE OF CONTENTS XIII III. IV. V. VI. 2. DEBIT CARDS 3.
E-MONEY D. DIRECT DEBIT CROSS-BORDER ASPECTS OF RETAIL PAYMENTS WITHIN
THE EU A. LEGAL TENDER B. BANKS - CREDIT TRANSFERS C. CARDS 1. CREDIT
CARDS 2. DEBIT CARDS 3. ELECTRONIC CASH D. DIRECT DEBIT CROSS-BORDER
PAYMENTS: EC POLICY AND BANKS' REACTIONS A. EC POLICY B. BANKS'
REACTIONS C. THE SEPA CALENDAR RECENT DEVELOPMENTS A. BANKS B.
COMMISSION AND EC LEGISLATOR 1. 'PAYMENT SERVICES DIRECTIVE' 2. THE
COMMISSION'S CONSULTATIVE PAPER ON SEPA INCENTIVES CONCLUSION
CONTRIBUTORS INDEX 220 220 221 221 221 222 223 223 223 224 224 225 225
225 226 227 227 229 229 232 234 235 237 |
| any_adam_object | 1 |
| any_adam_object_boolean | 1 |
| building | Verbundindex |
| bvnumber | BV023353852 |
| callnumber-first | K - Law |
| callnumber-label | KJE2188 |
| callnumber-raw | KJE2188 |
| callnumber-search | KJE2188 |
| callnumber-sort | KJE 42188 |
| classification_rvk | PS 3280 |
| ctrlnum | (OCoLC)192056340 (DE-599)BVBBV023353852 |
| dewey-full | 332.094 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.094 |
| dewey-search | 332.094 |
| dewey-sort | 3332.094 |
| dewey-tens | 330 - Economics |
| discipline | Rechtswissenschaft Wirtschaftswissenschaften |
| discipline_str_mv | Rechtswissenschaft Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02087nam a2200493 cb4500</leader><controlfield tag="001">BV023353852</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20090401 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">080619s2008 d||| |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9789041127013</subfield><subfield code="9">978-90-411-2701-3</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)192056340</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV023353852</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-M382</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">KJE2188</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.094</subfield><subfield code="2">22</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">PS 3280</subfield><subfield code="0">(DE-625)139760:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Financial services in Europe</subfield><subfield code="b">an introductory overview</subfield><subfield code="c">ed. by Martijn van Empel</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Austin [u.a.]</subfield><subfield code="b">Wolters Kluwer Law & Business</subfield><subfield code="c">2008</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XIII, 239 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Kluwer European law library</subfield><subfield code="v">3</subfield></datafield><datafield tag="610" ind1="2" ind2="7"><subfield code="a">Europäische Union</subfield><subfield code="0">(DE-588)5098525-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial services industry--Law and legislation--European Union countries</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Recht</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Capital market</subfield><subfield code="x">Law and legislation</subfield><subfield code="z">European Union countries</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Commercial law</subfield><subfield code="z">European Union countries</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial services industry</subfield><subfield code="x">Law and legislation</subfield><subfield code="z">European Union countries</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Kapitalmarktrecht</subfield><subfield code="0">(DE-588)7573652-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Mitgliedsstaaten</subfield><subfield code="0">(DE-588)4170174-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Europäische Union. Mitgliedsstaaten</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4143413-4</subfield><subfield code="a">Aufsatzsammlung</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Europäische Union</subfield><subfield code="0">(DE-588)5098525-5</subfield><subfield code="D">b</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Mitgliedsstaaten</subfield><subfield code="0">(DE-588)4170174-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Kapitalmarktrecht</subfield><subfield code="0">(DE-588)7573652-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Empel, Martijn van</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">Kluwer European law library</subfield><subfield code="v">3</subfield><subfield code="w">(DE-604)BV019845195</subfield><subfield code="9">3</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">SWB Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016537422&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-016537422</subfield></datafield></record></collection> |
| genre | (DE-588)4143413-4 Aufsatzsammlung gnd-content |
| genre_facet | Aufsatzsammlung |
| geographic | Europäische Union. Mitgliedsstaaten |
| geographic_facet | Europäische Union. Mitgliedsstaaten |
| id | DE-604.BV023353852 |
| illustrated | Illustrated |
| index_date | 2024-07-02T21:06:17Z |
| indexdate | 2024-07-09T21:16:40Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016537422 |
| oclc_num | 192056340 |
| open_access_boolean | |
| owner | DE-384 DE-M382 |
| owner_facet | DE-384 DE-M382 |
| physical | XIII, 239 S. graph. Darst. |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | Wolters Kluwer Law & Business |
| record_format | marc |
| series | Kluwer European law library |
| series2 | Kluwer European law library |
| spelling | Financial services in Europe an introductory overview ed. by Martijn van Empel Austin [u.a.] Wolters Kluwer Law & Business 2008 XIII, 239 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Kluwer European law library 3 Europäische Union (DE-588)5098525-5 gnd rswk-swf Financial services industry--Law and legislation--European Union countries Recht Capital market Law and legislation European Union countries Commercial law European Union countries Financial services industry Law and legislation European Union countries Kapitalmarktrecht (DE-588)7573652-4 gnd rswk-swf Mitgliedsstaaten (DE-588)4170174-4 gnd rswk-swf Europäische Union. Mitgliedsstaaten (DE-588)4143413-4 Aufsatzsammlung gnd-content Europäische Union (DE-588)5098525-5 b Mitgliedsstaaten (DE-588)4170174-4 s Kapitalmarktrecht (DE-588)7573652-4 s DE-604 Empel, Martijn van Sonstige oth Kluwer European law library 3 (DE-604)BV019845195 3 SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016537422&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Financial services in Europe an introductory overview Kluwer European law library Europäische Union (DE-588)5098525-5 gnd Financial services industry--Law and legislation--European Union countries Recht Capital market Law and legislation European Union countries Commercial law European Union countries Financial services industry Law and legislation European Union countries Kapitalmarktrecht (DE-588)7573652-4 gnd Mitgliedsstaaten (DE-588)4170174-4 gnd |
| subject_GND | (DE-588)5098525-5 (DE-588)7573652-4 (DE-588)4170174-4 (DE-588)4143413-4 |
| title | Financial services in Europe an introductory overview |
| title_auth | Financial services in Europe an introductory overview |
| title_exact_search | Financial services in Europe an introductory overview |
| title_exact_search_txtP | Financial services in Europe an introductory overview |
| title_full | Financial services in Europe an introductory overview ed. by Martijn van Empel |
| title_fullStr | Financial services in Europe an introductory overview ed. by Martijn van Empel |
| title_full_unstemmed | Financial services in Europe an introductory overview ed. by Martijn van Empel |
| title_short | Financial services in Europe |
| title_sort | financial services in europe an introductory overview |
| title_sub | an introductory overview |
| topic | Europäische Union (DE-588)5098525-5 gnd Financial services industry--Law and legislation--European Union countries Recht Capital market Law and legislation European Union countries Commercial law European Union countries Financial services industry Law and legislation European Union countries Kapitalmarktrecht (DE-588)7573652-4 gnd Mitgliedsstaaten (DE-588)4170174-4 gnd |
| topic_facet | Europäische Union Financial services industry--Law and legislation--European Union countries Recht Capital market Law and legislation European Union countries Commercial law European Union countries Financial services industry Law and legislation European Union countries Kapitalmarktrecht Mitgliedsstaaten Europäische Union. Mitgliedsstaaten Aufsatzsammlung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016537422&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV019845195 |
| work_keys_str_mv | AT empelmartijnvan financialservicesineuropeanintroductoryoverview |