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

Berlin ; Boston : De Gruyter, [2023]

©2023

1 online resource (XVIII, 298 p.)

Schriften zum europäischen und internationalen Privat-, Bank- und Wirtschaftsrecht ; 65.

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.

In English.

Issued also in print.

Mode of access: Internet via World Wide Web.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mai 2023)

www

Title is part of eBook package: DG Plus DeG Package 2023 Part 1 De Gruyter

EPUB
print

restricted access (http://purl.org/coar/access_right/c_16ec) online access with authorization

Access provided by Berkeley Law Library
Access provided by Berkeley Law Library

DeGruyter online

English

9783111045238

Monographs & Serials
Electronic Resources