ISDA Support Makes ISIN Adoption All but Certain

By Luke Clancy June 13, 2016, Risk International Securities Identification Numbers (ISINs) that will be required to identify derivatives in trades for reporting under the Markets in Financial Instruments Regulation (MiFIR) are being upgraded to integrate the International...

Investment Association Calls for Europe to Reject MiFID II Data Pricing Rules

By Joe Parsons – June 1, 2016, The Trade The Investment Association, which represents the U.K. fund and asset manager community, has called for the European Parliament to reject incoming rules on pricing market data. In a letter to...

Derivative Users Still in Dark Over MiFID Liquidity

By David Wigan, April 14, 2016, IFR European derivatives users have expressed concern over continued uncertainty on which derivative trades will be considered “liquid” for the purposes of new transparency rules in the Markets in Financial Instruments Directive. Despite...

E.U. Weighs Softer Derivatives Rules as MiFID Delay Bogs Down

By Silla Brush and John Detrixhe, April 16, 2016, Bloomberg Banks and asset managers moved closer to winning easier rules for derivatives as European Union member states signaled support for amending regulations as part of a delay in the...

Comment: MiFID II: Excess of Ambition, Lack of Action

By Christopher Leonard and Chris Poon January 8, 2016, IFLR In the immediate aftermath of the financial crisis, the European Commission (EC) launched a consultation on its proposed reforms of the Markets in Financial Instruments Directive (MiFID). Those reforms...

Leaving Europe Outweighs MiFID on Risk Scale

By Tim Cave January 6, 2016, Financial News With a year-long delay to the European Union’s revised trading rulebook now looking likely, and many implementation projects on ice, thoughts are turning to another issue looming over Europe: Brexit. A...

Post-MiFID II RTS: What Next for Fixed Income in Europe?

By Rebecca Healey, TABB Group Originally published on TABB Forum One of the key aims of MiFID II is the extension of the transparency regime to bonds. As a result, firms need to make traditionally opaque processes more transparent,...

Coming to Grips with Best Execution Under MiFID 2

By George Bollenbacher, Capital Markets Advisors Originally published on TABB Forum Tucked away in Article 27 of MiFID 2 is a potentially disruptive requirement – the ‘Obligation to execute orders on terms most favorable to the client.’ Unfortunately, what...

Sell Side Steels for MiFID II

July 29, 2015 Bloomberg As the de facto gatekeepers of financial markets, Wall Street broker-dealers are fully enmeshed in Markets in Financial Instruments Directive II, the European ruleset that aims to shore up transparency and end-user investor protection...

Europe’s regulators need to get bond trading rules right

By Arjun Singh-Muchelle   July 16, 2015 Financial Times Tight definitions for fixed income market could raise transaction and push up borrowing costs. To deliver much-needed sustainable European economic growth, the starting point for regulation needs to be...