THE LEGAL REGIME OF NETTING IN THE EUROPEAN UNION LAW
Keywords:
netting, close-out netting, netting agreements, EU law, financial markets, financial transactions, financial market participants
Abstract
This article provides the analysis of the legal acts adopted in the EU which have established the specific legal regime for the application of netting in financial transactions.
References
1. Directive 96/10/EC of the European Parliament and of the Council of 21 March 1996 amending Directive 89/647/EEC as regards recognition of contractual netting by the competent authorities. URL: http://eur-lex.europa.eu/legal-content/EN/ TXT/?uri=CELEX%3A31996L0010.
2. European Commision Press Release Database. URL: http://europa.eu/rapid/press-release_IP-96-172_en.htm?locale=en.
3. Mügge D. Europe's regulatory role in post-crisis global finance. Journal of European Public Policy. March 2014. Volume 21. Issue 3. P. 316–326.66
4. ISDA Status of Netting Legislation. URL: https://www.isda.org/2017/04/26/status-of-netting-legislation/.
5. Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems. URL: https://eur-lex.europa.eu/ legal-content/EN/ALL/?uri=CELEX%3A31998L0026.
6. Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings. URL: https://eur-lex.europa.eu/legal-content/en/ TXT/?uri=CELEX%3A32015R0848.
7. Directive 2002/47/EC of the European Parliament and of the Council of 6 June 2002 on financial collateral arrangements. URL: https://eur-lex.europa.eu/legal-content/EN/ TXT/?uri=CELEX%3A32002L0047.
8. Böger О. Close-out netting provisions in private international law and international insolvency law (Part I). Uniform Law Review. August 2013. Volume 18. Issue 2. P. 232– 261.
9. Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions. URL: http://eur-lex.europa.eu/legal-content/ GA/TXT/?uri=celex:32001L0024.
10. Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms. URL: https://eur-lex.europa.eu/legal-content/EN/ TXT/?uri=celex%3A32014L0059.
2. European Commision Press Release Database. URL: http://europa.eu/rapid/press-release_IP-96-172_en.htm?locale=en.
3. Mügge D. Europe's regulatory role in post-crisis global finance. Journal of European Public Policy. March 2014. Volume 21. Issue 3. P. 316–326.66
4. ISDA Status of Netting Legislation. URL: https://www.isda.org/2017/04/26/status-of-netting-legislation/.
5. Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems. URL: https://eur-lex.europa.eu/ legal-content/EN/ALL/?uri=CELEX%3A31998L0026.
6. Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings. URL: https://eur-lex.europa.eu/legal-content/en/ TXT/?uri=CELEX%3A32015R0848.
7. Directive 2002/47/EC of the European Parliament and of the Council of 6 June 2002 on financial collateral arrangements. URL: https://eur-lex.europa.eu/legal-content/EN/ TXT/?uri=CELEX%3A32002L0047.
8. Böger О. Close-out netting provisions in private international law and international insolvency law (Part I). Uniform Law Review. August 2013. Volume 18. Issue 2. P. 232– 261.
9. Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions. URL: http://eur-lex.europa.eu/legal-content/ GA/TXT/?uri=celex:32001L0024.
10. Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms. URL: https://eur-lex.europa.eu/legal-content/EN/ TXT/?uri=celex%3A32014L0059.
Published
2018-06-27
Pages
62-66
Section
SECTION 3 CIVIL LAW AND CIVIL PROCESS ; FAMILY LAW; INTERNATIONAL PRIVATE LAW
