Market needs details to ensure adequate preparations, said Boujnah
The CEO of Euronext has warned that
limitations remain on Europe’s current regulatory
framework and has called for further clarity on the technical
requirements under sweeping directive Mifid II to help the
exchange and its counterparts prepare for the new regulatory
"At the moment there is fragmentation in
the implementation of the new directives, and this creates many
risks for all the market participants," said Stephane Boujnah,
chief executive officer of the European exchange group.
"Mifid II was designed to increase
transparency and reporting standards, but details and
clarifications are needed on several important technical issues
before market participants can adequately prepare and also
properly address unintended consequences that may arise," he
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