The EC Wednesday released the final delegated acts under Mifid
The new Secretary General of a trade body
that represents European prop and high-frequency traders has
warned that the capital requirements facing members remain
disproportionate and called for more appropriate rules.
"The capital requirements and business
risks remain a key stumbling block as they are disproportionate
and have a homogeneous approach to risk, and this should be
reflected in the rules. This is where Epta’s
advocacy efforts are focused on," said Piebe Teeboom, Secretary
General of the FIA European Principal Traders Association
(Epta), part of futures trade body FIA.
The draft of the Capital Requirements
Regulation (CRR) are not the only area causing regulatory
concern, said Steve Hamilton from CurveGlobal’s
business development team: "Mifid II dwarfs Mifid I. One of the
key unintended consequences of Mifid is that by attempting to
impose a 'one size fits all’ regulation, smaller
firms may be affected disproportionately.
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