This paper, aimed at professionals, scholars, and government officials in the field of securities regulations, compares the European (specifically the Market in Financial Instruments Directive MiFID) and U.S. securities regulations. The analysis focuses on the regulatory and supervisory framework, trading venues, and the provision of investment services. We show that although there may be regional differences in the structure and rules of current securities regulation, the objectives and some outcomes of regulation are comparable. Similarly, as the current global financial and economic crisis exposed gaps in securities regulations worldwide, regulators in both regions face similar challenges. This study will be particularly useful for World Bank member countries that are looking at either the European or U.S. regulations when conducting market reforms.

This book examines the European Union’s contribution to providing security in Europe amidst an increasingly complex and challenging environment. In this new and comprehensive guide to the EU's role in security since the end of the Cold War, the authors offer an explanation of EU internal and external security regimes, and argue that the Union has become an important exporter of security within its region. However, the Union’s rhetorical ambitions and commitments continue to outstrip its capabilities and it lacks both a common conceptualisation of security and a meaningful, shared strategic culture. Drawing extensively on primary sources the book examines the Union’s relations with the US and Russia in a time of shifting geostrategic calculations and priorities. With the EU capacity for enlargement slowing, this text presents a detailed assessment of EU security policies towards Central Europe, the Mediterranean, the Western Balkans, Eastern Europe and South Caucasus. European Union Security will be of interest to students and scholars of the EU, security studies, and international relations.