As more delays come from the European Parliament on the progress of Mifid, Mifir and Market Abuse, concerns are growing over the unintended consequences of the impending regulation finds Galen Stops.
The European Parliament was supposed to vote today on the
implementation of Mifid, Mifir and Mad. For many in the
industry, the decision to delay the vote was met with relief.
Regulators are currently rushing through vast swathes of
regulation and fears of unintended consequences are
The G20 mandate was clear: standardised OTC derivatives should
be electronically traded and centrally cleared. However, the
implementation of that mandate is proving to be anything
Regulating the regulations
While there is general consensus that this will make the
derivatives more transparent, many market participants are
predicting that Emir will have a number of knock-on effects
that the regulators are not necessarily prepared
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