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Disruptive Change and the Capital Markets : On Information, Risk and Uncertainty / Marius Fischer.

By: Material type: TextTextSeries: Schriften zum Europäischen und Internationalen Privat-, Bank- und Wirtschaftsrecht ; 65Publisher: Berlin ; Boston : De Gruyter, [2023]Copyright date: ©2023Description: 1 online resource (XVIII, 298 p.)Content type:
Media type:
Carrier type:
ISBN:
  • 9783111043005
  • 9783111046365
  • 9783111045238
Subject(s): DDC classification:
  • 332.0415 23
LOC classification:
  • HG5422 .F547 2023
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- Foreword -- Contents -- List of Abbreviations -- Part One -- A. Introduction -- B. A Thought on Optimal Regulation -- Part Two -- C. What is Disruptive Change? -- D. Disruptive Change and the Market Mechanism -- Part Three -- E. Disruptive Change and Regulation -- F. A Process-oriented Approach to Informational Regulation -- Part Four -- G. Responding to Disruptive Change -- H. Further Research and Related Issues -- I. Main Theses -- References
Summary: The risk-based approach to capital markets regulation is in crisis. Climate change, shifting demographics, geopolitical conflicts and other environmental discontinuities threaten established business models and shorten the life spans of listed companies. The current rules for periodic disclosure in the EU fail to inform market participants adequately. Unlike risks, uncertainties are unquantifiable or may only be quantified at great cost, causing them to be insufficiently reflected in periodic reports. This is unfortunate, given the pivotal role capital markets must play in the economy’s adaptation to environmental discontinuities. It is only with a reformed framework for periodic disclosure, that gradual and orderly adaptation to these discontinuities appears feasible. To ensure orderly market adaptation, a new reporting format is required: scenario analysis should be integrated into the European framework for periodic disclosure.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9783111045238

Frontmatter -- Foreword -- Contents -- List of Abbreviations -- Part One -- A. Introduction -- B. A Thought on Optimal Regulation -- Part Two -- C. What is Disruptive Change? -- D. Disruptive Change and the Market Mechanism -- Part Three -- E. Disruptive Change and Regulation -- F. A Process-oriented Approach to Informational Regulation -- Part Four -- G. Responding to Disruptive Change -- H. Further Research and Related Issues -- I. Main Theses -- References

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

The risk-based approach to capital markets regulation is in crisis. Climate change, shifting demographics, geopolitical conflicts and other environmental discontinuities threaten established business models and shorten the life spans of listed companies. The current rules for periodic disclosure in the EU fail to inform market participants adequately. Unlike risks, uncertainties are unquantifiable or may only be quantified at great cost, causing them to be insufficiently reflected in periodic reports. This is unfortunate, given the pivotal role capital markets must play in the economy’s adaptation to environmental discontinuities. It is only with a reformed framework for periodic disclosure, that gradual and orderly adaptation to these discontinuities appears feasible. To ensure orderly market adaptation, a new reporting format is required: scenario analysis should be integrated into the European framework for periodic disclosure.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 06. Mrz 2024)