Financial Regulation in the EU

1. Introduction
Raphaël Douady, Clément Goulet, Pierre-Charles Pradier

Part I. Supervision of Member States’ Budgets

2. Political Economy of theEuropean Monetary Institutions and Reform Proposals
Jose-Maria Martin-Flores

3. Fiscal Sustainability and Fiscal Rules in aMonetary Union: Theory and Practice in Europe
Pierre Aldama

4. The Composition Effect of New Fiscal Rules in the Euro Area
Jérôme Creel, Francesco Molteni

5. The Banking Union Revisited
Christian Boissieu

Part II. Supervision of Financial Entities

6. Regulatory Capture in Financial Supervision
Mathilde Poulain

7. The Challenges of Regulation of Derivatives
Nasser Saber

8. The challenges and implications of the Markets in Financial Instruments Directive (MiFID) and of its revision (MiFID II, MiFIR) on the efficiency of financial markets
Roland Gillet, Stéphanie Ligot, Hassan Omidi Firouzi

9. The Evolution of Insurance Regulation in the EU Since 2005
Pierre-Charles Pradier, Arnaud Chneiweiss

10. The Impact of Basel III on the Operations of Retail Banks
Eric Lamarque

11. The Knowns and the Known Unknowns of Capital Requirements for Market Risks
Jean-Paul Laurent

12. Reforming Rating Agencies
Philippe Raimbourg, Federica Salvadè

13. The Regulation of Alternative Investment Funds in Europe: The Alternative Investment Fund Managers Directive
Marco Dell’Erba

14. The Regulation of CCPs in Europe: The European Market Infrastructure Regulation (EMIR)
Marco Dell’Erba

Part III. Funding Innovation, Financing Growth

15. The Impact of Regulatory Capital Regulation on Balance Sheet Structure, Intermediation Cost and Growth
Hamza Khalloufi, Pierre-Charles Pradier

16. Higher Quality Securitization
Daphné Héant, Sophie Vermeille, Yann Coatanlem

17. Essay on the State of Research and Innovation in France and the European Union
Antoine Kornprobst, Raphael Douady

Keywords: Finance, Public Finance, Corporate Finance, Political Economy/Economic Policy, European Integration