Financial industry opposes transparency rules

The European Commission (EC) does not need to act to improve transparency in financial markets, according to a poll of industry members.

The EC-backed poll found that "most market participants consider either that no change is necessary in relation to mandatory transparency levels, or that at the most, some kind of self-regulatory solution should be called for,” according to a summary of feedback from the financial services community.

Bertrand Huet, executive director, European legal and

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