This edition expands on the intricate rulebook that governs EU financial markets and supporting institutional arrangements, such as the European Securities and Markets Authority. It draws on the fast-developing literature on EU financial market regulation, which has legal but also political economy, finance, and regulatory theory components.

Niamh Moloney is Professor of Financial Markets Law at the London School of Economics and Political Science. She is a Fellow of the British Academy and an Honorary Member of the Royal Irish Academy and holds an honorary doctorate from the University of Zurich.

• 1: The institutional setting


• 2: Capital-raising


• 3: Collective-investment management


• 4: Investment firms and investment services


• 5: Trading venues


• 6: Trading


• 7: Rating agencies


• 8: Market abuse


• 9: Retail markets


• 10: Third countries