MiFID II: Worth the Wait, or a Missed Opportunity?

This piece was originally published in Best Execution magazine.

On the 14th January the European Parliament and Council of Ministers finally agreed a new directive to update rules for markets in financial instruments (MiFID II). Rob Boardman, CEO of ITG Europe asks whether it was worth the wait?

Living in the Post- MiFID II World
 

On January 14th, Michel Barnier, the European Commissioner in charge of financial services in the European Union (EU) welcomed the agreement in principle reached on rule changes to the Markets in Financial Instruments Directive (MiFID II/ MiFIR).  Barnier declared that although the speed of implementation was not ambitious enough, the agreement still represented “a key step towards establishing a safer, more open and more responsible financial system and restoring investor confidence in the wake of the financial crisis” (see: http://europa.eu/rapid/press-release_MEMO-14-15_en.htm?locale=en).

German Federal Elections and the Impact on the European Agenda

With the German Federal Elections occurring Sunday, European investors are curious about what impact the elections may have on the European regulatory environment. In this version of The Blotter, ITG's European General Counsel, J.P. Urrutia, summarizes some of the expected results and potential impacts, highlighting Germany's importance to regional policy.

European Financial Transaction Tax suffers a severe setback

In this edition of The Blotter, Juan Pablo Urrutia, European General Counsel, weighs in on the Financial Times report that The Council Legal Service is advising the national governments that the European Financial Transaction Tax (FTT) is illegal.

The ABCs of European Market Structure

The European financial landscape is facing a rigorous legislative pipeline to address the economic crisis and concerns with the current legislation. The so-called Trialogue negotiations process between the European Council and the European Commission will soon begin – where many twists and turns are to be expected. This guide is intended to provide clarity to the various confusing terms and acronyms relevant to the current market structural changes.

MiFIDII: Are We There Yet?

MiFID II negotiations have heated up but is there a light at the end of the tunnel? This week’s edition of The Blotter explores some of MiFID’s hot button issues.

European Financial Transaction Tax: the return?

Could the much-debated European Financial Transaction Tax (FTT) proposal come to pass? JP Urrutia discusses new developments among EU member states.

European Financial Transaction Tax: Danish Position

ITG's experts have reviewed the Danish draft position on the European Financial Transaction Tax (the FTT). Importantly, the Danes currently hold the European Union presidency and the leaked document will serve as a basis for discussions that will set the agenda for the full European finance ministers meeting in May/June.

Decoding European Regulation is a Matter of timing

In this edition of The Blotter, Ian Domowitz discusses the complex world of European Regulatory Reform. With MiFR, MiFID, ESMA guidelines, the MAR, and DCS all on the table, it’s tough to keep proposed regulations and new rules straight. Ian Domowitz helps break it down for the layman.

MiFID II: Official Publication of European Parliament Report

In this edition of The Blotter, Juan Pablo Urrutia discusses the long-awaited European Parliament Report on MiFID II. The first installment of this report reveals that Broker Crossing Systems could go the way of the dinosaurs, while dark MTFs could be preserved in a tight, but politically unbiased, market structure environment.

See more content on this topic