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Key Points
– “Financial Markets and Institutions: A European Perspective” (fourth edition), 2020, by Jakob de Haan, Dirk Schoenmaker, and Peter Wierts, provides advanced undergraduates and graduate students with an updated overview of European financial markets and institutions, including recent data and regulatory developments.
– The book offers a specific European perspective on financial markets and institutions, shedding light on the European Union’s evolving landscape, common currency, financial crises, and regulatory challenges.
– The text delves into decision-making processes within the European Union and the complexity of financial services policy, offering insights into the functioning of the European Commission, the Council of the European Union, and the European Central Bank.
– The evolution of regulation since the global financial crisis and the formation of the European Banking Union (BU) are highlighted, emphasizing the significance of standard rules for financial institutions across the EU.
– The book also addresses the influence of regulation on product design, comparing the regulatory stance on derivative use in investment funds between Europe and the United States and its impact on product development.
– While the material is comprehensive and practical, the reviewer suggests the inclusion of more case studies to further illustrate the application of regulations and institutions in real-world scenarios.
– Overall, the textbook equips investors with a comprehensive understanding of European regulation and the investment characteristics of European financial institutions.
All posts are the opinion of the author. As such, they should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer.
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