CLFGE

Upcoming Projects

"Governing Corporate Europe Post-Crisis. Facts, Context and Reforms"
A Research Project sponsored by Emittenti Titoli S.p.A.

Co-editors: Prof. Guido Ferrarini - Prof. Massimo Belcredi

Corporate governance is still at the centre of the policy debate in the wake of the financial crisis. Policy proposals are becoming increasingly pervasive and, sometimes, intrusive; however, they are often based on a conventional wisdom and weak anecdotal evidence.
The aim of this project is to analyze some pivotal topics in Corporate Governance, analysing both pre- and post-crisis periods from a law & economics perspective.
The outcome of this project will be a volume, collecting a number of papers written by some of the European experts in the corporate governance field. The volume will be presented at an international conference in November 2012.

Recent Articles

Nationally Fragmented Supervision Over Multinational Banks as a Source of Global Systemic Risk: A Critical Analysis of Recent EU Reforms (with Filippo Chiodini), Working Paper, 2011 - download

Guido Ferrarini and Maria Cristina Ungureanu, Lost in Implementation: The Rise and Value of the FSB Principles for Sound Compensation Practices at Financial Institutions, Revue Trimestrielle de Droit Financier, N. 1-2, May 2011, pp. 60-65; runner-up ICFR-Financial Times Research Prize 2010 - download

Guido Ferrarini and Maria Cristina Ungureanu, Economics, Politics and the International Principles for Sound Compensation Practices. An Analysis of Executive Pay at European Banks, 64 Vanderbilt Law Review, 2011, 431-502 - download

Guido Ferrarini, Equity Derivatives and Transparency: When Should Substance Prevail?, in Liber Amicorum for Klaus J. Hopt, De Gruyter, 2010 - download

Guido Ferrarini and Filippo Chiodini, Regulating Multinational Banks in Europe: An Assessment of the New Supervisory Framework, ECGI Law Working Paper 158/2010 - download

Guido Ferrarini and Maria Cristina Ungureanu, Executive Pay at Ailing Banks and Beyond: A European Perspective, Capital Markets Law Journal 5(2), 2010, 197-217 - download from: http://cmlj.oxfordjournals.org/

Guido Ferrarini, Niamh Moloney, Maria Cristina Ungureanu, Executive Remuneration in Crisis: A Critical Assessment of Reforms in Europe, Journal of Corporate Law Studies 10(1), 2010, 73-118 - download from: http://www.hartjournals.co.uk/jcls/index.html

Guido Ferrarini and Geoffrey Miller, A Simple Theory of Takeover Regulation in the United States and Europe, in Cornell International Law Journal 42 (3), 2009, 301-334 - download

Guido Ferrarini and Maria Cristina Ungureanu, Unique Features in the Governance of Bankers’ Compensation, Liber Amicorum in Honour of Theo Raaijmakers, Tilburg University, Kluwer, 2009, 123-132 - download

Guido Ferrarini and Filippo Chiodini, Regulating Cross-Border Banks in Europe: A Comment on the de Larosière Report and a Modest Proposal, Capital Markets Law Journal, Speccial Issue 1: The International Financial Crisis, July 2009, 123-140 - download from: http://cmlj.oxfordjournals.org/

Guido Ferrarini, Niamh Moloney, Maria Cristina Ungureanu, Understanding Directors’ Pay in Europe: A Comparative and Empirical Analysis, ECGI Law Working Paper 126/2009 - download

Guido Ferrarini, La direttiva MIFID e l'obbligo di best execution, in Trattato della responsabilità contrattuale diretto da Giovanna Visintini, II, Cedam, Padova, 2009, p. 755 ss

Guido Ferrarini, Market Transparency and Best Execution: Bond Trading under MiFID, in Michel Tison et al. (eds.), Perspectives in Company Law and Financial Regulation: Essays in Honour of Eddy Wymeersch, Cambridge University Press, 2009, pp. 477-496 - download

Guido Ferrarini and Maria Cristina Ungureanu, Fixing Bankers’ Pay in Europe: Governance, Regulation and Disclosure, Proceedings of the “Symposium on Building the Financial System of the 21st Century. An Agenda for Europe and the US”; Unimanagement Torino, March 2009 - download


In the media

Contrasting EU Executive Pay Rules Evoke Need for Legislation - Bloomberg Newsletter Financial Regulation, 08.01.2011 - download


Volumes

•“Capital Markets in the Age of the Euro. Cross-Border Transactions, Listed Companies and Regulations”; by Guido Ferrarini, Klaus J. Hopt, Eddy Wymeersch; Kluwer Law International, 2002
•“Reforming Company and Takeover Law in Europe”; by Guido Ferrarini, Klaus J. Hopt, Jaap Winter and Eddy Wymeersch; Oxford University Press, 2004
•“Investor Protection in Europe. Corporate Law Making. The MiFID and Beyond”; by Guido Ferrarini and Eddy Wymeersch; Oxford University Press, 2006