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Committee Of Wise Men
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. The committee was chaired by Baron Alexandre Lamfalussy. European Shadow Financial Regulatory Committee Statement The Lamfalussy Report, i.e., the Final Report of the Committee of Wise Men on the Regulation of European Securities Markets, published on 15 February 2001, now adopted by the European Council in Stockholm on 23 March 2001, presents a useful diagnosis of the issues and problems within the European Union capital markets. At the core of these concerns lie the difficulties of implementing reforms through state regulators who, given their inherent risk aversion reinforced by their accountability to national policy makers, have a tendency to exploit any ambiguities in EU Directives in favor of national exchanges a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Council
The European Council (informally EUCO) is a collegiate body that defines the overall political direction and priorities of the European Union. It is composed of the heads of state or government of the EU member states, the President of the European Council, and the President of the European Commission. The High Representative of the Union for Foreign Affairs and Security Policy also takes part in its meetings. Established as an informal summit in 1975, the European Council was formalised as an institution in 2009 upon the commencement of the Treaty of Lisbon. Its current president is Charles Michel, former Prime Minister of Belgium. Scope While the European Council has no legislative power, it is a strategic (and crisis-solving) body that provides the union with general political directions and priorities, and acts as a collective presidency. The European Commission remains the sole initiator of legislation, but the European Council is able to provide an impetus to guid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities Law
Securities regulation in the United States is the field of U.S. law that covers transactions and other dealings with securities. The term is usually understood to include both federal and state-level regulation by governmental regulatory agencies, but sometimes may also encompass listing requirements of exchanges like the New York Stock Exchange and rules of self-regulatory organizations like the Financial Industry Regulatory Authority (FINRA). On the federal level, the primary securities regulator is the Securities and Exchange Commission (SEC). Futures and some aspects of derivatives are regulated by the Commodity Futures Trading Commission (CFTC). Understanding and complying with security regulation helps businesses avoid litigation with the SEC, state security commissioners, and private parties. Failing to comply can even result in criminal liability.Steinberg, Marc (2009). ''Understanding Securities Law''. LEXISNEXIS. . Overview The SEC was created by the Securities Exchan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alexandre Lamfalussy
Alexandre, Baron Lamfalussy (; 26 April 1929 – 9 May 2015) was a Hungarian-born Belgian economist who served as President of the European Monetary Institute (EMI) from 1994 to 1997, which was the forerunner to the European Central Bank (ECB). Born in Kapuvár, Hungary, Lamfalussy left his native country in 1949. He studied at the Catholic University of Leuven and Nuffield College, Oxford, where he received his doctorate in economics. He later taught at the University of Louvain (UCLouvain) and Yale. In 1963 he was among the founders of SUERF – an association originally set up as a group to promote financial research among academics, and served as the Association's first Honorary Treasurer. In honour of his contribution to European monetary and financial issues, he was made an honorary member of SUERF at the association's 40th anniversary meeting held at the Banque de France in Paris. From 1976 he was an economic adviser to the Bank for International Settlements in Basel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Securities Committee
The European Securities Committee (ESC) advises the European Commission in the field of securities. The ESC held its first meeting in September 2001. It is run by the European Commission and usually meets each month. It assists the Commission in adopting implementing measures for EU Directives and provides advice on policy issues in the securities field, so it fulfils both comity (the informal and voluntary recognition by courts of one jurisdiction of the laws and judicial decisions of another) and advisory functions. See also *European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ... External links * European Commission {{EU-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Committee Of European Securities Regulators
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 role of this committee was to * Improve the coordination among securities regulators * Act as an advisory group to assist European Commission * Work on implementation of community legislation in EU member states The other Level-3 committees in the Lamfalussy process were the Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS). On 1 January 2011, the CESR was replaced by the European Securities and Markets Authority (ESMA), which is part of the European System of Financial Supervision. See also *European Commission * Securities Commission *European Commissioner for Internal Market and Services *Financial regulation Financial regulation is a form of regulation or supervision, which subjects ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cor Herkströter
Antonius Johannes Cornelius "Cor" Herkströter (born 21 August 1937) is a former chairman of Royal Dutch Shell. Cor Herkströter was born in Venlo. He studied economics and accountancy at the School of Economics in Rotterdam (now Erasmus University Rotterdam). After graduating, he joined Billiton mining company which was latterly taken over by Shell. During his career at Shell he rose to the most senior executive position at the company, the Chairman of the Committee of Managing Directors, on 1 July 1993. In 1996, he reorganized the central offices in The Hague and London and laboratories in Amsterdam and Rijswijk. He retired in 1998. After his tenure at Royal Dutch Shell, he became President Commissioner of the ING Group The ING Group ( nl, ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale bankin .... Refe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luis Ángel Rojo
Luis is a given name. It is the Spanish form of the originally Germanic name or . Other Iberian Romance languages have comparable forms: (with an accent mark on the i) in Portuguese and Galician, in Aragonese and Catalan, while is archaic in Portugal, but common in Brazil. Origins The Germanic name (and its variants) is usually said to be composed of the words for "fame" () and "warrior" () and hence may be translated to ''famous warrior'' or "famous in battle". According to Dutch onomatologists however, it is more likely that the first stem was , meaning fame, which would give the meaning 'warrior for the gods' (or: 'warrior who captured stability') for the full name.J. van der Schaar, ''Woordenboek van voornamen'' (Prisma Voornamenboek), 4e druk 1990; see also thLodewijs in the Dutch given names database Modern forms of the name are the German name Ludwig and the Dutch form Lodewijk. and the other Iberian forms more closely resemble the French name Louis, a derivati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luigi Spaventa
Luigi Spaventa (5 March 1934–6 January 2013) was an Italian academic. He served as a cabinet minister at different Italian governments. He was a member of the Italian Parliament from 1976 to 1983. Early life and education Spaventa was born in Rome on 5 March 1934.Speakers' bio ''ISD''. 2007. Retrieved 5 January 2013. In 1957 he received a law degree from the . Career Following graduation Spaventa worked as a visiting scholar at , t ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norbert Walter (economist)
Norbert Walter (23 September 1944 – 31 August 2012) was a German economist. He was the chief economist of Deutsche Bank from 1990 to 2009. Born in Weilbach, Bavaria, Walter studied economics at the Johann Wolfgang Goethe University Frankfurt am Main, earning his Diplom in 1968. In 1990, he succeeded Franz-Josef Trouvain Franz Joseph I of Austria (1830–1916) was Emperor of Austria, Apostolic King of Hungary and King of Bohemia. Franz Josef or Franz Joseph may also refer to: People known solely by the name * Franz Joseph I, Prince of Liechtenstein (1726–1781) ... as chief economist of Deutsche Bank, and remained in that position until 2009, when he was succeeded by Thomas Mayer. References 1944 births 2012 deaths German economists Goethe University Frankfurt alumni People from Miltenberg (district) {{Germany-scientist-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigel Wicks
Sir Nigel Leonard Wicks (born 16 June 1940) is a British financier and former senior British civil servant. He also served as Chairman of Euroclear. Career Educated originally at Beckenham and Penge Grammar School, Wicks joined British Petroleum in 1958 at the age of 18. Whilst at BP, Wicks studied for a University of London external MA in business administration at the Portsmouth College of Technology, now part of the University of Portsmouth. After 10 years at BP, Wicks joined HM Treasury in 1968. At the Treasury, Wicks undertook a number of positions including secondments to the Prime Minister's Office as a Private Secretary to the Prime Minister (1975–1978, under Callaghan and Wilson) and at the British Embassy in Washington, D.C. as Economic Minister (and so the UK's Executive Director of the IMF and IBRD) from 1983–1985. In 1985, Wicks took up his position as Principal Private Secretary to the Prime Minister, Margaret Thatcher, a post he held for three y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lamfalussy Process
The Lamfalussy process is an approach to the development of financial service industry regulations used by the European Union. Originally developed in March 2001, the process is named after the chair of the EU advisory committee that created it, Alexandre Lamfalussy. It is composed of four "levels", each focusing on a specific stage of the implementation of legislation. At the first level, the European Parliament and Council of the European Union adopt a piece of legislation, establishing the core values of a law and building guidelines on its implementation. The law then progresses to the second level, where sector-specific committees and regulators advise on technical details, then bring it to a vote in front of member-state representatives. At the third level, national regulators work on coordinating new regulations with other nations. The fourth level involves compliance and enforcement of the new rules and laws. The Lamfalussy process has provided a significant impetus in d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
