This book provides an extensive and critical assessment of the current regulatory and supervisory framework of investment services in the European Union (EU) and proposes alternative institutional structures. Recent trends in financial services at EU level as well as regulatory and institutional de
Regulating Services in the European Union
β Scribed by Vassilis Hatzopoulos
- Publisher
- Oxford University Press
- Year
- 2012
- Tongue
- English
- Leaves
- 470
- Edition
- 1
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
Across the EU, services are the cornerstone of the modern economy, accounting for over 70% of national GDPs and over 90% of new jobs created. Fostering trade in services has, accordingly, become central to the EU's vision for developing the internal market. Yet regulating services and their international trade is notoriously complex, and controversial. For years the EU's efforts were limited to sector-specific regulation in key areas, until the adoption of the general Services Directive in 2006. Since then, confronted by the limited success of traditional legal intervention, the EU's attentions have shifted to alternative forms of regulation. This book looks back on the historical development of services law, discusses the nature of impediments to trade in services in the EU, and explains the basic rules and principles applicable to such trade. It also examines the recent development of alternative regulatory methods, such as networking, the use of common standards, private regulation, self-regulation, open methods of coordination, and administrative cooperation. Taking a broad perspective and placing services regulation within its economic context, the author offers a thorough evaluation of current regulatory methods alongside the alternative methods which could be deployed. The book is the first to provide an overview of the regulation of services in the EU.
β¦ Table of Contents
Dedication
Preface: Object of the Book and Methodology
Acknowledgements
Contents Summary
Table of Cases
Table of Legislation
List of Abbreviations
1. Regulation and Services: Basic Conceptual Background
2. Economic v. Non-economic Services
3. Restrictions
4. Justifications
5. Judge-made Regulation in the Field of Services
6. Regulation through Legislation
7. Private Regulation
8. Non-legislative Means of EU Regulation
9. Old v. New Governance in Services: An Outlook
10. Conclusion: Future DirectionsβTowards βIntermodal Homogeneityβ?
Appendix: Case Law Processed in the Spreadsheet
Bibliography
Index
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