An Overview of a new regulatory Regime in EU Financial Market Regulation, 2015
The regulation of financial markets in the European Union has over the last fifteen years undergone tremendous changes. Following the financial crises a tsunami of regulation has been seen. This article outlines and discusses the development in the EU regulatory and supervisory regime from the Lamfalussy Report of 2001 to the Larosiére Report of 2009. It is concluded the new system and the regulatory methods applied have laid out a road map for the creation of one Single Rulebook for the regulation of financial markets in the EU. However, the question is has the regulation gone too far?