This paper attempts to offer a theoretical view on the regulation of the financial market. It focuses on the influence that international institutions, especially the
As we presume readers of the paper are unaware of Czech financial market regulations and theoretical points of view on legal regulation of the financial market, the opening portion of the paper will bring to their attention several fundamental pieces of information to introduce to them these topics.
The next part of the paper concentrates on the supervision of the financial market in general, its branches and its aims and will address the situation concerning financial market supervision in the
The last part of the paper will be briefly dedicated to the influence of international organisations on financial market regulation, especially in the
Czech National Bank
Czech Republic
Financial Market
Financial Market Regulation
Financial Market Supervision
Milan Bakeš is a professor of financial law at the Faculty of Law, Charles University, Prague, and Visiting Professor at UCLA, Los Angeles. He has published numerous monographs and more than 150 expert papers in his field. His most important monographs include Theoretical Issues of Financial Law [Teoretické otázky finančního práva] (Charles University, Prague, 1979) and Taxation and Investment (IBFD Amsterdam). In addition to his teaching and academic activities, he also practises as a lawyer specializing in financial law.
e-mail: bakes@prf.cuni.cz
JUDr. Michael Kohajda, Ph.D., is an assistant professor at Charles University in Prague, School of Law, Department of Financial Law and Financial Science and an attorney at Diligentis Legal, Prague.
e-mail: kohajda@prf.cuni.cz