The European agency is at a crucial phase in its drafting of the Mifid II bill
Market participants are more important than legislators when
it comes to shaping regulatory, according to the head of the
Europes regulatory body who called on the regions
banks to engage with his agency over its Mifid II plans.
Steve Maijoor, chairman of the European Securities and
Markets Authority, has called for input from the industry on
Mifid II, a regulation which plans to reduce systemic risk and
reform the derivatives markets.
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