Esma seeks helping hand on Mifid II rules

Structured products industry scrambling to respond before August deadline

European Securities and Markets Authority headquarters

On May 22, the European Securities and Markets Authority (Esma) outlined its gargantuan task: translating into rules and regulations the greatest overhaul in European securities law since the financial crisis. Europe's chief securities regulator launched simultaneous consultations that day on both the Markets in Financial Instruments Directive (Mifid II) and Regulation (Mifir). To answer all 860 questions in the consultation by the August 1 deadline, banks and their lawyers would have to plough

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