Lukas Böffel - Digitalisation, Sustainability, and the Banking and Capital Markets Union: Thoughts on Current Issues of EU Financial Regulation

General Series Editors

(all members of the EBI Academic Board)

Danny Busch, Financial Law Centre (FLC), Radboud University Nijmegen, Nijmegen, The Netherlands

Christos V. Gortsos, National and Kapodistrian University of Athens, Athens, Greece

Antonella Sciarrone Alibrandi, Universit Cattolica del Sacro Cuore, Milan, Italy

The European Banking Institute

The European Banking Institute based in Frankfurt is an international centre for banking studies resulting from the joint venture of Europes preeminent academic institutions which have decided to share and coordinate their commitments and structure their research activities in order to provide the highest quality legal, economic and accounting studies in the field of banking regulation, banking supervision and banking resolution in Europe. The European Banking Institute is structured to promote the dialogue between scholars, regulators, supervisors, industry representatives and advisors in relation to issues concerning the regulation and supervision of financial institutions and financial markets from a legal, economic and any other related viewpoint.

As of May 2021, the Academic Members of the European Banking Institute are the following: Universiteit van Amsterdam, University of Antwerp, University of Piraeus, Alma Mater StudiorumUniversit di Bologna, Universitt Bonn, Academia de Studii Economice din Bucureti (ASE), Trinity College Dublin, University of Edinburgh, Goethe-Universitt, Universiteit Gent, University of Helsinki, Universiteit Leiden, KU Leuven University, Universidade Catlica Portuguesa, Universidade de Lisboa, University of Ljubljana, Queen Mary University of London, Universit du Luxembourg, Universidad Autnoma Madrid, Universidad Carlos III de Madrid, Universidad Complutense, Madrid, Johannes Gutenberg University Mainz, University of Malta, Universit Cattolica del Sacro Cuore, University of Cyprus, Radboud Universiteit, BI Norwegian Business School, Universit Panthon - Sorbonne (Paris 1), Universit Panthon-Assas (Paris 2), University of Stockholm, University of Tartu, University of Vienna, University of Wrocaw, Universitt Zrich.

Supervisory Board of the European Banking Institute:

Thomas Gstaedtner, President of the Supervisory Board of the European Banking Institute

Enrico Leone, Chancellor of the European Banking Institute

European Banking Institute e.V.

TechQuartier (POLLUX), Platz der Einheit 2

60327 Frankfurt am Main, Germany

Website: www.ebi-europa.eu

Editorial Board

(All members of the EBI Academic Board)

Dariusz Adamski, University of Wroclaw

Filippo Annunziata, Bocconi University

Jens-Hinrich Binder, University of Tbingen

William Blair, Queen Mary University of London

Concetta Brescia Morra, University of Roma Tre

Blanaid Clarke, Trinity College Dublin, Law School

Veerle Colaert, KU Leuven University

Guido Ferrarini, University of Genoa

Seraina Grnewald, Radboud University Nijmegen

Christos Hadjiemmanuil, University of Piraeus

Bart Joosen, Free University Amsterdam

Marco Lamandini, University of Bologna

Rosa Lastra, Queen Mary University of London

Edgar Lw, Frankfurt School of Finance & Management

Luis Morais, University of Lisbon, Law School

Peter O. Mlbert, University of Mainz

David Ramos Muoz, University Carlos III of Madrid

Andre Prm, University of Luxembourg

Juana Pulgar Ezquerra, Complutense University of Madrid

Georg Ringe, University of Hamburg

Rolf Sethe, University of Zrich

Michele Siri, University of Genoa

Eddy Wymeersch, University of Ghent

Cover illustration: teekid

This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG

The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

It is rather uncommon and, therefore, it is particularly noteworthy and welcome when early-stage researchers take the initiative to publish a book meeting high academic standard. This applies a fortiori if the book covers areas characterised by their broad scope and high complexity, such as financial regulation. Accordingly, it was both ambitious and challenging when the Young Researchers of the European Banking Institute (EBI), led by Lukas Bffel and Jonas Schrger, proposed this project in late 2021. However, with this final product, they did not fall short of their promise (and my expectations) to deliver an in-depth collective work with thought-provoking and excellent chapters, and I wish to congratulate them personally warmly for that achievement.

Overall, the book entails 14 contributions, covering well-selected and intriguing topics on digital finance, sustainable finance, as well as the EU banking and capital markets unions. Almost all authors are members of either the Young Researchers Group (YRG) or the Associated Researchers Group (ARG) of the EBI. Their contributions reveal a remarkably high academic level, analysing the issues from a normative, economic, technological and/or policy-oriented perspective. Notably, most of the contributors are currently conducting their Ph.D. theses on the same or, at least, a closely related topic as in this book, which has made the research even more profound.