Industry slams EU equity derivatives disclosure proposals
"The rules are based on assumptions that are incorrect," says Isda
Industry groups are pushing back on proposals to extend pre-trade transparency requirements to equity derivatives, arguing that the logic underpinning the proposals is flawed and the regulator lacks the mandate to impose them.
Europe's review of the Markets in Financial Instruments Directive, known as Mifid II, proposes to require banks to make bids and offers for a transaction public before it is executed, while the price and size of the transaction would have to be disclosed after execution.
T
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Mifid
Esma guidance on swaps transparency still leaves questions
Volatile instrument attributes removed from transparency determination, but further issues remain
Mifid II research unbundling hits Japan’s asset managers
Japanese and European investors may face different payment models for investment research
Mifid’s great race to the bottom
If rules are unclear, regulators cannot prevent banks adopting the softest interpretations
Banks claim front-office content is safe from Mifid II
Work of ‘desk analysts’ is not research, banks argue; lawyers are not so sure
MTF bilateral trading protocol offers Mifid arbitrage
Nordic banks to use protocol to benefit from longer deferral period
Delay on EU pre-trade, commodity rules ‘risky’
Local authorities will apply key elements of Mifid II temporarily, owing to Esma backlog
Mifid II – The regulatory reporting challenges that lie ahead
Sponsored feature: NEX Regulatory Reporting
Mifid II position limits: Preparing, monitoring and reporting in the new regime
Sponsored webinar: FIS
Most read
- Top 10 operational risks for 2024
- Japanese megabanks shun internal models as FRTB bites
- Filling gaps in market data with optimal transport