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25 Eur. Bus. Org. L. Rev. 1 (2024)

handle is hein.journals/eunbuioiz25 and id is 1 raw text is: European Business Organization Law Review (2024) 25:1-2 https://doi.org/1 0.1007/s40804-023-00303-4 INTRODUCTION Beyond Equivalence: Third Country Regimes in European Financial Regulation-Introduction Jens-Hinrich Binder' Danny Busch2,3,4,5,6,7 Published online: 13 November 2023 © The Author(s) 2023 In European financial law, the regulatory and supervisory treatment of interme- diaries from non-EU third countries has been debated over decades. Different approaches have been established for different sectors of financial markets for some time. Market access based on the notion of equivalence between the European and home country's regulatory and supervisory arrangements has been granted in some areas, but only to a limited extent, and clearly is not a universal basis for the treat- ment of third country institutions. In recent years, particularly following the exit of the United Kingdom from the European Union, the treatment of third country insti- tutions within the EU has become a multi-polar political issue-market access for non-EU intermediaries has become a quid pro quo, granted in return for the access of European institutions in the respective foreign market, but also within the EU, where Member States have been reluctant to agree on a greater role for the European Commission as key decision-maker responsible for comprehensive market access. The present special issue presents a comprehensive analysis of the third country regimes currently established in the European financial markets, as well as of the perspectives of major third country jurisdictions. The articles are based on papers E Jens-Hinrich Binder binder@jura.uni-tuebingen.de E Danny Busch danny.busch@ru.nl Professor of Law, Chair in Private Law, Company Law, Banking and Securities Law, and Director, Tubingen Research Institute on the Determinants of Economic Activity (TRIDEA), Eberhard-Karls-University, Tubingen, Germany 2 Professor of Financial Law and founding Director of the Financial Law Centre (FLC), Radboud University Nijmegen, Nijmegen, The Netherlands 3 Senior Research Fellow, Harris Manchester College, Oxford, UK 4 Fellow, Commercial Law Centre, University of Oxford, Oxford, UK 5 Member of the Dutch Appeals Committee of the Financial Services Complaints Tribunal (KiFiD), The Hague, The Netherlands 6 Deputy Judge, Amsterdam Court of Appeal, Amsterdam, The Netherlands 7 Visiting Professor, Universit6 C6te d'Azur, Nice, France presented at a workshop on equivalence and EU third country regimes, co-organised Springer . ASSER PRESS