IDEE, CPCR, Competition and Regulation Policy Centre, Projects, Financial, space, Europe, European Union

PROJECT ON THE FINANCIAL AREA IN THE EUROPEAN UNION

The Royal University Institute for European Studies participated in a project financed by the Institute of Official Credit in which the significant changes that have transformed the European stock markets were analysed, profoundly modifying the physiognomy of the financial system.

The aim of the project was to explain both the alterations produced as a result of the growing interaction between European stock exchange trading forums, and the evolution of the public regulation of these entities and their increasingly privatised nature.

Specifically, the most relevant processes affecting organised securities markets were studied, such as international alliances, the demutualisation of traditional stock exchanges, their merger with other entities, the irruption of Alternative Trading Systems, the disintermediation of orders and the settlement and clearing of intra-EU and international transactions).