Szerző: Blaise Pasztory ELTE Eötvös Kiadó Kft., 2017 This Treatise covers all
the basic legal concepts underlying international capital markets (or
securities) regulation (with special emphasis on the European Union and on the
United States). Its aim is to familiarize university students and practitioners
with all or almost all products and practices (including the most recent
developments) in the markets, from hedge funds and other types of funds to
derivatives to securitization to credit default swaps to the regulation of
financial institutions too big to fail. At the same time, it studies the lessons
learned from the 2007/2008 Financial Crisis and the steps taken and to be taken
to prevent the recurrence of such a crisis.While this work deals with the past,
it also looks to the future.2017 will probably be the year of the greatest
changes that have ever occurred in capital markets regulation. The regulations
will change as a result of (i) Brexit (the decision taken by Great Britain to
leave the European Union) and the striving of other nations to loosen EU rules
and (ii) the calls for regulatory reform expressed by voters in key countries,
e.g. at the U.S. elections, as well as at referenda in the U.K., and Italy
respectively. As just one example, the two years of negotiations between the
U.K. and the E.U. commencing after formal notice of Brexit has been given will
undoubtedly alter the obligations of departing countries to comply with and
their entitlement to continue to retain benefits obtained under existing EU
Directives.The past, however, will be the basis for the future. While the
impending changes will be significant and will require practitioners to re-learn
the applicable rules, they will be based on the principles embodied in the EU
Directives and the U.S. securities laws as well as the vast amount of published
interpretations to implement those principles. The aim of capital market
regulations will remain the same: the protection of investors and the
maintenance of the integrity of international markets in order to avoid the
impact of adverse effects on the economies of individual countries and the world
economy.The author, Blaise Pasztory emigrated from Hungary as a child and
graduated from Harvard College and Harvard Law School. In his over 50 years of
practice as a securities lawyer in New York, he has assisted, among others, in
the setting up of the very first hedge fund, and has gathered a vast amount of
experience. A regular speaker across two continents and an honorary professor of
ELTE Law School in Budapest, Hungary, he hopes that this work will remain useful
not only in the next year or two but for the longer term, as the inevitable
continuing changes in the rules are supplemented in the text. A kötet adatai:
Formátum: B/5 Kötés: kartonált Megjelenés éve: 2017 Terjedelem: 178 oldal