What now for MiFID II?
With MiFID II now expected to be delayed until 2018, the one thing market participants can be certain of is more uncertainty.
Regulation
Walking away
With
regulations demanding that banks hold more capital against risk-taking
activities, some are quitting certain sectors, writes Joe McGrath.
MiFID II “will force trades back onto lit market”
Industry told that MiFID II's dark pool caps will inevitably force flow back onto lit markets, where it risks being gamed by other market participants.
European Parliament eyes MiFID II ammendments
MEP says MiFID II's technical standards will need to be amended before Parliament formally approves them.
US regulators taking strong stance on swaps data reporting
US derivatives regulators plan to overhaul swaps reporting in order to streamline and improve the quality of reports.
ASIC reviews HFT, finds no need for new regulation
The Australian Securities and Investments Commission (ASIC) will not introduce new regulation for high frequency trading and dark liquidity, finding that existing settings “are largely adequate and effective.”
MiFID II priority for fund managers, according to Deloitte study
The Markets in Financial Instruments Directive (MiFID II) is the biggest priority for investment managers, according to a survey by Deloitte.
Irish regulator highlights challenges to implement CMU
The Central Bank of Ireland, the Irish regulator, has said it welcomes the EU’s ambitious Capital Markets Union project but tacitly acknowledged the challenges of pushing it through member states should not be underestimated.
Updated MiFID rules slash large in scale thresholds
Smaller stocks have had their threshold for the large in scale waiver slashed to try and preserve liquidity, the final rules for MiFID II have revealed.
ESMA says MiFID rules delayed to next week
A European Securities and Markets Authority spokesman has confirmed that MiFID II and MiFIR technical standards will now be published next week.