Delay raises short- to medium-term implications for securities services industry
Kindler, Strategic Services at SIX
Mifid II delay isn’t much of a game-changer.
Instead, it raises a number of short to medium term
implications for the securities services industry.
Mifid II was intended to primarily target the trading layer,
since the financial crisis, we’ve seen regulators
take a more direct approach to encourage the use of central
clearing in a broader range of asset classes, financial market
risk mitigation particularly. When Mifid II finally comes into
effect, there will be a genuine impact on where and how
securities derivatives are traded and cleared, as well as
levels of volatility and liquidity.
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