Partial reprieve for package trades in Mifid II deal

Some trades will face transparency, but the outcome “could have been worse”

European Parliament
European Parliament: pushed for a waiver on packages with "at least one" component above the SSTI

Industry associations are grudgingly accepting a change in legislation that would enable so-called package trades to receive a waiver from European Union rules governing transparency on bonds and derivatives. Sources say the outcome could have been worse, but they still warn of increased trading costs, which will be passed on to clients.

"I personally see this as a big win that there is a treatment for packages at all; it could have been much worse. But it depends who you speak to. Banks are not

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