Banks underwhelmed by post-trade disclosure relief for packages

Mifid II RTS stop short of easing pre-trade transparency requirements

Esma grants packages post-trade transparency deferral

New rules enabling so-called package trades to partially escape Europe's incoming transparency regime have fallen short of the banking industry's expectations: regulators will allow a delay in reporting the price and size of an executed trade, but they have kept the requirement for dealers to reveal bids and offers before that trade is put on.

The second Markets in Financial Instruments Directive (Mifid II) subjects liquid trades to the transparency provision from 2017. However, regulators had

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: