32684 - Capital Market Regulation

Learning outcomes

At the end of the course the student has an introductory but complete knowledge of the principles, bodies and the main regulatory provisions. Particular focus is devoted to the international aspect of financial regulation, both about the issue of stability (Basel regulations and Financial Stability Board) and that of transparency (market abuse and MIFID regulations).

Course contents

The course shall offer a thorough  introduction to international and european capital markets regulation, endeavouring to offer a comparative overview of the regulatory framework for equity markets (herein included the regulation of listed companies, takeover bids, prospectuses, insider trading and market manipulation) in the global financial setting. Students shall be confronted with current European regulatory responses to market pressures and will be required to put them in context, assessing the cornerstones of the existing EU regime against the backdrop of  (i) international and US experiences, responses to the recent financial crisis and (ii) the academic debate on Law and Finance. Significant emphasis shall be given also to an accurate historical analysis of the foundation of the current legal system and its evolution from the early days of the first continental Exchanges to the current post crisis regulation.

Readings/Bibliography

M. Lamandini, D. Ramos Munoz, European Financial Law (A concept book for simplification and restatement), forthcoming

Lecture notes

Further readings will be indicated in class.

Assessment methods

oral exam

Office hours

See the website of Marco Lamandini