Deutsche Bank and others face off with Esma over Mifid II

Banks say no to showing profit margins on structured products

Deutsche Bank headquarters in Frankfurt

Banks should not be required to reveal their profits on structured products as regulators push for greater transparency, banks said in response to a consultation on the Markets in Financial Instruments Directive (Mifid II) adopted by the Council of the European Union earlier this year.

Reacting to a proposal by the European Securities and Markets Authority (Esma) that would require firms to disclose "mark ups" embedded in the price of financial instruments, some banks warned against forcing issu

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