Blast from the Past: Why Europe’s markets might need Mifid III
By Samuel Wilkes
December 5, 2019, Risk
Whispers of a review of Europe’s almost two-year-old trading and transparency rules have become full-throated talk. Disquiet among dealers and buy-siders over the provision of data on new bonds and derivatives is fuelling calls for change. Mifid’s much-vaunted transparency is more of a fog.
Few agree on how to fix the problems, though. Some are pushing for revisions of the main legislation to amend the type of trading activity that must be reported. Others argue for only small, technical tweaks to make the current available data more usable.
