Publications

Foundational research on a European Capital Markets Code

The project has resulted in a two-book series published by Oxford University Press. Together, they examine the foundations, structure and key subject areas of a European Capital Markets Code.

A hardcover book titled 'Regulating EU Capital Markets Union, Volume I, Fundamentals of a European Code,' edited by Rüdiger Veil, published by Oxford, with a dark green cover and gold lettering, standing upright against a dark background.

Regulating EU Capital Markets Union

Volume I: Fundamentals of a European Code

  • The current framework of EU regulation concerning capital markets is complex and partly inconsistent in the way that it is applied in the various Member States. Through the Capital Markets Union (CMU) project the European Union is pursuing the goal of establishing a true single market for capital in Europe. Regulating EU Capital Markets Union: Fundamentals of a European Code is the first of a two-volume series proposing the codification of EU legislature as a way to establish this goal.

    This book analyses all existing capital markets regulation. It explains the idea of codification, looks at the added value of a European Capital Markets Code, discusses key concepts of the current regimes and elaborates on the goals of the future codification act. The work explores the idea that the provisions spread over numerous rulebooks should be brought together in a single legal act in the form of a regulation and organized in a systematic way to reduce complexity thereby facilitating accessibility of capital markets law.

    Drawing on the experience of academics from various European countries, this volume discusses possible contents of a European Capital Markets Code, addresses approaches to regulatory reforms and explores the role of private enforcement.

    • Matthias Casper

    • Iris H-Y Chiu

    • Veerle Colaert

    • Azur Coulmas

    • Jacek Dybiński

    • Hans Christoph Grigoleit

    • Mathias Habersack

    • Jesper Lau Hansen

    • Jacek Jastrzębski

    • Jörn Axel Kämmerer

    • Morten Kinander

    • Patrick Leopold

    • Krzysztof Oplustil

    • Jennifer Payne

    • Andrés Recalde Castells

    • Birgit Spießhofer

    • Giovanni Strampelli

    • Vassilios Tountopoulos

    • Rüdiger Veil

    • Marco Ventoruzzo

    • Martin Winner

  • Hardcover
    Published: 14 June 2024
    Oxford University Press
    544 Pages
    9.7 x 6.7 inches
    ISBN: 9780192882660

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A hardcover book titled 'Regulating EU Capital Markets Union, Volume II' edited by Rüdiger Veil. The book has a dark green cover with gold and blue text and decorative elements. It is standing upright against a dark background.

Regulating EU Capital Markets Union

Volume II: Market Conduct and Corporate Disclosure in a European Code

  • The current framework of EU regulation concerning capital markets is complex and partly inconsistent in the way that it is applied in the various Member States. Through the Capital Markets Union (CMU) project the European Union is pursuing the goal of establishing a true single market for capital in Europe. Regulating EU Capital Markets Union: Market Conduct and Corporate Disclosure in a European Code is the second of a two-volume series proposing the codification of EU legislature as a way to establish this goal.

    This volume focuses on a reform of market abuse, short selling, corporate disclosure and public takeovers. In doing so, it considers the fact that financial markets law is now characterized by the idea of promoting sustainable investments. In addition, the book proposes to introduce union wide civil liability and to harmonise administrative sanctions. A higher degree of harmonisation will foster greater market integration and remove barriers to cross-border activity.

    A holistic codification follows the framework of Better Regulation, namely the principle of proportionality and of a comprehensive and coherent approach. The book proposes relief of regulatory burden for companies listed on regulated markets to incentivize growth companies to go public. Codification allows for a comprehensive approach, thus the consideration of all affected aspects. Furthermore, a codification fits into the objective of following a coherent approach- codification is consistent with the high-level and long-term policy objectives of the Capital Markets Union and the Savings and Investment Union.

    • Azur Coulmas

    • Carmine Di Noia

    • Jacek Dybiński

    • Matteo Gargantini

    • Mathias Habersack

    • Jesper Lau Hansen

    • Jacek Jastrzębski

    • Jörn Axel Kämmerer

    • Chiara Mosca

    • Krzysztof Oplustil

    • Jennifer Payne

    • Dörte Poelzig

    • Sara Pietra Rossi

    • Claudia Sandei

    • Carina Gabriella Schwarz

    • Giovanni Strampelli

    • Vassilios D. Tountopoulos

    • Rüdiger Veil

    • Marc Wiesner

  • Hardcover
    Published: 19 September 2025
    Oxford University Press
    528 Pages
    9.7 x 6.7 inches
    ISBN: 9780192882691

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Rüdiger Veil

Kodifikation der Wertpapierregulierung – Prolegomena zu einem Europäischen Kapitalmarktgesetzbuch

Festschrift für Karsten Schmidt zum 80. Geburtstag, p. 571-582, München, C.H. Beck, 2019

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Rüdiger Veil

Kapitalmarktunion 2025 – Es ist Zeit für eine Kodifikation des Kapitalmarktrechts!

BKR (Zeitschrift für Bank- und Kapitalmarktrecht), 2024, 901

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