ISSN: 1473-5970

THE ]OURNAL OF

CORPORATELAW STUDIES

VOLUME 13, PART 2

OCTOBER 2013

·HART·PUBLISHING

m for scholarship on corporate, securities andtides on subjects as diverse as insolvency andtopics such as directors' duties and financialand work in cognate fields.review. Shorter articles and notes are refereed

University of Oxfordversity of Cambridgeiversity of Copenhagen, Faculty of Law

iry of York, and Door Tenant, Erskine

rsity of Oxford

xecutive Director: ECG!

'ersity,Munich

s Deringer LLP

Oxford

illiton, and Professorial Fellow,

Berlin

I, Chairman of the European Corporate

ddressed to Eilis Ferran at the editorial address

CB2 IRL, UK (email evflOOO@cam.ac.uk).rinted on the inside back cover of the journaI.

Corporate Law Studies, Hart Publishing Ltd,(0) 1865510710; email: mail@hartpuhco.uk

plcThisjournal should be cited as jCLS'

October 2013 Journal of Corporale Law Studies

jOURNAL OFCORPORATE LAW STUDIES

VOLUME 13 NUMBER 2 OCTOBER 2013

Contents

Corporate Governanee of Banks and Other Financial Institutions afterthe Finaneial CrisisKJ HoptThe European Single Supervisory MeehanismEilîs Ferran and Vi:zliaSG Babis

Liquidity Safety Nets for BanksPaul Dames

Reforming Seeurities and Derivatives Trading in the EU: From EMIRto MiFIRGuido Ferrarini and Paolo Saguato

Private Law and Finaneial CrisesMichael Bridge and Jo Braithwaite

Reeoneeiving Finaneial Markets-From the Economie to the SocialJulia Black

Independenee and Independent Company DireetorsSuzanne re Mire and George Gilligan

Formalism and CompaniesErnest Lim

Corporate Governanee, Cross-Border Voting and the (Draft) Prineiplesof the European Seeurities Law Legislation-Enhaneing InvestorEngagement through Standardisation 503Christian Strenger and Dirk A :(etzsche

r;;::------- -~L__ i\'

219

255

287

319

361

401

443

477