Harmonizing European Financial Regulation: Is There a Need for Improved Similarity in Prospectus Liability Rules?

dc.contributor.author	Sandtorv, Leif
dc.date.accessioned	2024-04-18T06:54:01Z
dc.date.available	2024-04-18T06:54:01Z
dc.date.issued	2024
dc.description.abstract	This paper on financial regulation addresses the extent to which rules on liability for information should be standardized across the EU/EEA region. The method applied is an analysis of legal documents. My finding is that further harmonization may lead to difficulties concerning procedural rules. Some authors suggest harmonizing the civil procedure for prospectus liability cases. This could reduce asymmetric information and thus contribute to efficient markets. However, mandatory disclosure comes with costs. These may increase if standards inconsistent with domestic procedures are imposed. The topic may be of interest for regulating other aspects of life, such as environmental information disclosure.
dc.identifier.citation	"Review of European and Comparative Law", 2024, Vol. 56, No 1, s. 141–157
dc.identifier.doi	10.31743/recl.17083
dc.identifier.issn	2545-384X
dc.identifier.uri	https://hdl.handle.net/20.500.12153/6469
dc.language.iso	en
dc.publisher	Wydawnictwo KUL
dc.rights	Attribution 4.0 International	en
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/
dc.subject	European
dc.subject	Financial
dc.subject	Regulation
dc.subject	Prospectus
dc.subject	Asymmetric
dc.subject	Liability
dc.title	Harmonizing European Financial Regulation: Is There a Need for Improved Similarity in Prospectus Liability Rules?
dc.type	info:eu-repo/semantics/article