Systematic internaliser loophole ties Mifid in knots

Banks warn attempts to limit connections between SIs could undermine best execution

With preparations for the European Union’s vast new financial markets rules now well into their final year, regulators are still facing some fairly fundamental questions. The latest conflict brewing relates to connections between entities engaged in large volumes of bilateral trading. Lawmakers now want to limit such connections, but banks warn this could undermine another key element of the same package of rules – namely, best execution requirements.

Under the second Markets in Financial

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: