The issuance of equity via government-regulated capital markets is an important source of corporate finance. This is an opinion endorsed by many influential policymakers and authors, many of whom add, however, that over-regulation can undermine competitive advantage and thus a nation's economic growth. The author of this provocative book sets out to show that the tendency towards 'more disclosure' that is usually the immediate regulatory response to financial market crises may be misconceived; what is required, she contends, is a thoughtful search for the true objectives of disclosure - the most advantageous (for all) cost-benefit analysis of any proposed regulatory path. In this book she provides just such a search and analysis, using as a springboard the 'disclosure and transparency agenda' started with the EU Financial Services Action Plan of 1999.... trades or issues investment advice which causes the price to reflect this new information.424 They further suggest that this ... Regulation after the Restructuring of Canadian Stock Exchangesa#39;, Revue Juridique The Imis 34 (2000) , 661, at 710.
Title | : | The EU Issuer-disclosure Regime |
Author | : | Gaëtane Schaeken Willemaers |
Publisher | : | Kluwer Law International - 2011 |
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