Mifid costs data leaves swaps users in the dark

Dealer charges can’t be compared, critics complain; banks already bracing for review

Lack of standardisation is leading to confusion around costs and charges

New European rules are failing to give derivatives end-users more clarity on the costs and charges being bundled into bid/offer spreads, critics claim, with dealers offering the information in different formats. In some cases, banks are providing a breakdown by product type, while others do so by client.

Dealers say further regulatory guidance is likely to follow.  

“I would expect there to be