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MiFID II implementation: ready for blast off!
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23 Feb
2015

MiFID II implementation: ready for blast off!

  • 23rd February 2015
  • Daniel Simpson

JWG analysis. This month, ESMA hosted a broad cross-section of market participants for a final ‘hearing’ on the MIFID II technical standards they will send to Brussels for approval this summer.  Of course, many attendees were surprised to find that, while they were en route to Paris to sit for 10 hours with 350 of Read More

16 Jul
2014

MiFID II: hearing, skirmishing and planning for battle

  • 16th July 2014
  • RegTechFS

JWG analysis. We learnt something this month.  The reason Europe calls it a regulatory ‘hearing’ is that it is an opportunity to hear views from both regulators and the market.  Of course, that’s just part of the experience as many other senses are triggered when 400 people are locked in a basement for 2 days, Read More

10 Jul
2014

ESMA gets an earful from industry

By Anna Reitman, Automated Trader. Public hearing was a marathon run for industry questions and comments on every aspect of upcoming MiFID II and MiFIR reforms. We highlight a few issues, including market making obligations and requirements that could find direct market access providers identifying clients’ proprietary algorithms. Paris – As the financial industry prepares Read More

28 May
2014

MiFID II: the illusion of control

  • 28th May 2014
  • RegTechFS

JWG analysis. MiFID I was all about creating a common set of rules for the single market.  Along the way, it asked regulators to track market abuse.  They duly set up a system of transaction reporting that all feeds into Paris – 70% of it via the UK.  Seven years and millions in fines for Read More

23 May
2014

MiFID II: information warfare unleashed

JWG analysis. The continent was rocked by far more than parliamentary elections on 22 May. Early reports from major financial centres confirm the impact from the 844 pages of text released by ESMA on MiFID II / MIFID to be about a 9 on the Richter scale – so high that ESMA’s website gave up Read More