Implementation of Mifid II has been delayed by one year to January 2018
European regulatory directive Mifid II
could be problematic for some proprietary trading firms, market
experts have warned, citing concerns over whether regulators
are devoting enough time to supporting firms in meeting the new
"As Mifid II brings prop trading firms
within scope of the Capital Requirements Directive (CRD) IV
rules, especially at the new or smaller level, Mifid II places
another pressure on these firm, a requirement that could be too
much for some to bear," warned Sam Tyfield, partner at law firm
Steve Hamilton, business development
consultant at the LSE's CurveGlobal, agreed with this:
"Unfortunately, with the standard approach of CRD IV, the
approach is very basic; much more attention is needed here, and
this poses important questions regarding the functioning of
liquidity in the regulated markets.
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