48 relations: Alexandre Lamfalussy, Alternative Investment Fund Managers Directive 2011, Best execution, Capital Adequacy Directive, Committee of European Securities Regulators, Committee of Wise Men on the Regulation of European Securities Markets, Consumer protection, Council of the European Union, Crossing network, Energy derivative, European Commission, European corporate law, European Economic Area, European Market Infrastructure Regulation, European Parliament, European Securities Committee, European Union, European Union law, European Union legislative procedure, Exchange (organized market), Financial Conduct Authority, Financial data vendor, Financial Services Action Plan, Financial Services Authority, France, German company law, Germany, Gold-plating (European Union law), High-frequency trading, Institutional investor, Investment, Investment Company Act of 1940, Lamfalussy process, Markus Ferber, Member state of the European Union, Multilateral trading facility, Official Journal of the European Union, Paris, Proprietary trading, Regulation NMS, Systemic risk, Trade Repository, Transposition (law), Undertakings for Collective Investment in Transferable Securities Directive 2009, United Kingdom, United Kingdom company law, United States, Weather derivative.
Baron Alexandre Lamfalussy (Hungarian:báró Lámfalussy Sándor, 26 April 1929 – 9 May 2015), was a Hungarian-born Belgian economist and central banker.
The Alternative Investment Fund Managers Directive (or "AIFMD" for short) is an EU law on the financial regulation of hedge funds, private equity, real estate funds, and other "Alternative Investment Fund Managers" (AIFMs) in the European Union.
Best execution refers to the duty of an investment services firm (such as a stock broker) executing orders on behalf of customers to ensure the best execution possible for their customers' orders.
The Capital Adequacy Directive was a European directive that aimed to establish uniform capital requirements for both banking firms and non-bank securities firms, first issued in 1993 and revised in 1998.
The Committee of European Securities Regulators (CESR) was an independent committee of European Securities regulators in the Lamfalussy process established by the European Commission on June 6, 2001.
The Committee of Wise Men on the Regulation of European Securities Markets was set up by the European Council on July 17, 2000 to develop proposals for making the regulatory process for European Union securities legislation more flexible, effective and transparent.
In regulatory jurisdictions that provide for this (a list including most or all developed countries with free market economies) consumer protection is a group of laws and organizations designed to ensure the rights of consumers, as well as fair trade, competition, and accurate information in the marketplace.
The Council of the European Union, referred to in the treaties and other official documents simply as the Council is the third of the seven Institutions of the European Union (EU) as listed in the Treaty on European Union.
A crossing network is an alternative trading system (ATS) that matches buy and sell orders electronically for execution without first routing the order to an exchange or other displayed market, such as an electronic communication network (ECN), which displays a public quote.
An energy derivative is a derivative contract based on (derived from) an underlying energy asset, such as natural gas, crude oil, or electricity.
The European Commission (EC) is an institution of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.
European corporate law is a part of European Union law, which concerns the formation, operation and insolvency of corporations in the European Union.
The European Economic Area (EEA) is the area in which the Agreement on the EEA provides for the free movement of persons, goods, services and capital within the European Single Market, including the freedom to choose residence in any country within this area.
The European Market Infrastructure Regulation (EMIR) is a body of European legislation for the regulation of over-the-counter derivatives.
The European Parliament (EP) is the directly elected parliamentary institution of the European Union (EU).
The European Securities Committee (ESC) advises the European Commission in the field of securities.
The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.
European Union law is the system of laws operating within the member states of the European Union.
The European Union adopts legislation through a variety of legislative procedures.
An exchange, or bourse also known as a trading exchange or trading venue, is an organized market where (especially) tradable securities, commodities, foreign exchange, futures, and options contracts are sold and bought.
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.
A financial data vendor provides market data to financial firms, traders, and investors.
The Financial Services Action Plan (FSAP) is a key component of the European Union's attempt to create a single market for financial services.
The Financial Services Authority (FSA) was a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom between 2001 and 2013.
France, officially the French Republic (République française), is a sovereign state whose territory consists of metropolitan France in Western Europe, as well as several overseas regions and territories.
German company law (Gesellschaftsrecht) is an influential legal regime for companies in Germany.
Germany (Deutschland), officially the Federal Republic of Germany (Bundesrepublik Deutschland), is a sovereign state in central-western Europe.
Gold-plating is pejorative term to characterise the process where an EU directive is given additional powers when being transposed into the national laws of member states.
In financial markets, high-frequency trading (HFT) is a type of algorithmic trading characterized by high speeds, high turnover rates, and high order-to-trade ratios that leverages high-frequency financial data and electronic trading tools.
An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans.
In general, to invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future – for example, investment in durable goods, in real estate by the service industry, in factories for manufacturing, in product development, and in research and development.
The Investment Company Act of 1940 is an act of Congress.
The Lamfalussy process is an approach to the development of financial service industry regulations used by the European Union.
Markus Ferber (born 15 January 1965) is a German politician and Member of the European Parliament (MEP) from Germany.
The European Union (EU) consists of 28 member states.
A multilateral trading facility (MTF) is a European regulatory term for a self-regulated financial trading venue.
The Official Journal of the European Union (the OJ) is the official gazette of record for the European Union (EU).
Paris is the capital and most populous city of France, with an area of and a population of 2,206,488.
Proprietary trading (also "prop trading") occurs when a trader trades stocks, bonds, currencies, commodities, their derivatives, or other financial instruments with the firm's own money, aka the nostro account, contrary to depositors' money, in order to make a profit for itself.
Regulation National Market System (or Reg NMS) is a US financial regulation promulgated and described by the United States Securities and Exchange Commission (SEC) as "a series of initiatives designed to modernize and strengthen the National Market System for equity securities." The Reg NMS is intended to assure that investors receive the best price executions for their orders by encouraging competition in the marketplace.
In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system.
A Trade Repository or Swap Data Repository is an entity that centrally collects and maintains the records of over-the-counter (OTC) derivatives.
In European Union law, transposition is a process by which the European Union's member states give force to a directive by passing appropriate implementation measures.
The Undertakings for Collective Investment in Transferable Securities Directive is a consolidated EU Directive, that allows collective investment schemes to operate freely throughout the EU on the basis of a single authorisation from one member state.
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.
The United Kingdom company law regulates corporations formed under the Companies Act 2006.
The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.
Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to reduce risk associated with adverse or unexpected weather conditions.