FBE argues Mifid requires substantial redrafting


Although FBE officials explicitly welcome "some of the changes introduced by the commission in the current draft," federation officials, however, cite "several additional important changes" that need to be made.

The FBE, which represents the interests of 4,500 banks from the EU and European Economic Area, has therefore requested clarifications on a number of articles and definitions.

First, the FBE suggests the definition of "negotiated transactions" should be revised to reflect the fact that

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