Eva Micheler

This book advances a real entity theory of company law, in which the company is a legal entity which acts autonomously in law, and company law...

Technology changes society. Financial services and their regulation is not immune from this. Indeed, distributed ledger technology and artificial...

Brexit is likely to cause considerable disruption for financial markets. Some worry that it may also increase systemic risk. This column revisits the...

Many debt claims, such as bonds, are resaleable, whereas others, such as repos, are not. There was a fivefold increase in repo borrowing before the...

The proposed EU capital markets union aims to revitalise Europe’s economy by creating efficient funding channels between providers of loanable funds...

This paper shows that the current market infrastructure systemically prevents investors, both shareholders and bondholders, from exercising their...