Trade body has released response to recent Mifid II consolation
The International Swaps
and Derivatives Association (Isda) has criticised controversial
European transparency rules contained in MIfid II and called on
regulators to widen the scope of the instruments
The trade association, which represents
the world’s top banks, has made the comments in
response to the latest Mifid II consultation.
In its response the
association said the European Securities and Markets
Authority’s (Esma) calibration of liquid
instruments could damage the market and potentially force some
end users out of swaps.
Under the Mifid II proposals, trading venues will be required
to publish certain trade data before and after the trade is
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