| Author (Person) | Grant, Jeremy, Tait, Nikki |
|---|---|
| Series Title | Financial Times |
| Series Details | 30.7.10 |
| Publication Date | 30/07/2010 |
| Content Type | News |
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The Committee of European Securities Regulators (CESR) published on the 29 July 2010 the first set of technical advice to the European Commission in the context of reviewing MiFID, the Markets in Financial Instruments Directive, which entered into force in November 2007. The advice covered equity markets (Ref. CESR/10-802), non-equity markets transparency (Ref. CESR/10-799), transaction reporting (Ref. CESR/10-808) and investor protection and intermediaries (Ref. CESR/10-859) as well as part of the responses (Ref. CESR/10-860) to the request for additional information in relation to the review of MiFID that the Commission presented to CESR in March 2010. The FT reported that the CESR kicked off the biggest overhaul of the region’s securities regulations in years, calling for a wide range of reforms to bolster transparency of Europe’s increasingly fragmented equities and over-the-counter derivatives markets. EurActiv reports that traders who sell complex financial products, like credit defaults swaps, will face increased transparency standards if European regulators investigating high-frequency trading get their own way. |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
