The European Commission's proposals for a single supervisory mechanism: racing towards banking union in the EU? *

European Union - September 20 2012
The European Commission has published draft legislation and a blueprint for transferring significant European banking supervisory powers to the European Central Bank (ECB).

Co-authors: Jacquelyn F. MacLennan, Henning Berger, Stuart Willey, Carmen Reynolds.

Germany’s response to “too big to fail” *

Germany - September 13 2010
On 25 August 2010, the German government published a draft of an Act for the Restructuring and Orderly Liquidation of Credit Institutions, for the Establishment of Restructuring Fund for Credit Institutions and for the Extension of the Limitation Period of Corporate Law Management Liability (Restrukturierungsgesetz, the “German Restructuring Act”).

Co-authors: Daniel Baierlein, Stephen Phillips, Matthias Kasch, Ulf Gosejacob, Scott Berger.

Germany's ban on naked short sales to take first hurdle in legislative process *

Germany - June 7 2010
On 2 June 2010, the German government kicked off the legislative process on the ban of naked short sales in Germany by introducing the "law for the prevention of abusive securities and derivatives trading" (the "Bill") into the legislative process.

Co-authors: David Barwise, Nicolas Wittek .