House of Lords committee chair warns of Mifid liquidity costs
Transparency and own-capital ban for OTFs could interfere with “free flow” of market, says Lord Harrison, chair of a House of Lords committee that yesterday warned of fundamental flaws in Europe’s Mifid review
A House of Lords sub-committee has concluded that the review of the Markets in Financial Instruments Directive (Mifid) contains "fundamental flaws" that must be corrected urgently to avoid serious damage to the European Union's (EU) financial services industry. In an interview with Risk, the chair of the committee, Lord Harrison, says the new regime could constrict liquidity.
The review of Mifid
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