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Extending The Eu Financial Regulatory Framework To Aifm, Credi Derivatives, And Short Selling, Enrico Baffi, Dino Lattuca, Paolo Santella
Extending The Eu Financial Regulatory Framework To Aifm, Credi Derivatives, And Short Selling, Enrico Baffi, Dino Lattuca, Paolo Santella
enrico baffi
The European Commission followed the impulse from G20 for a coordinate response to the financial crisis by adopting a proposal for a Directive to mandate the clearing of suitable classes of OTC derivatives (the so-called EMIR proposal) and a proposal on alternative investment funds (AIFMD). However, the Commission further enlarged the regulatory perimeter by including in the AIFMD proposal also private equity funds and by adopting a proposal for Regulation on short selling. In particular, the EMIR proposal, currently (March 2011) under discussion at the Council and the European Parliament, follows closely the multilateral regulatory efforts by providing mandatory clearing …