Mifid costs data leaves swaps users in the dark
Dealer charges can’t be compared, critics complain; banks already bracing for review
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
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