Maijoor: defining Mifid II liquidity is "major task"

Esma needs help to balance transparency and liquidity, says authority's chair

Steven Maijoor, Esma

The chairman of the European Securities and Markets Authority (Esma), Steven Maijoor, has urged market participants to help the regulator strike the right balance between transparency and liquidity under the new Markets in Financial Instruments Directive, known as Mifid II.

The regime - adopted by the European Parliament on April 15 - introduces public disclosure requirements for the listed and over-the-counter derivatives markets, but these are accompanied by a system of pre-trade disclosure ex

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