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This book provides an overview about the role of the independent administrative authorities assigned to the oversight of financial markets, by outlining both the historic and economic background, the warp and the weft of the European system, and where these authorities have emerged and now operate.
The first part of the book will deal with the socio-economical background, in order to contextualise the activities of these agencies, and understand the roles they play and the influence they have on the domestic systems.
In the second part of the book the German and British legal models are compared in order to provide some examples of independent authorities operating in the financial sector and to determine their characteristics, powers, functions and responsibilities.