MiFID II and the New Trading Landscape: Transforming Trading and Transparency in EU Capital Markets (Deloitte)

April 2014

KEYWORDS: MiFID, MiFID II, MiFIR, European Union, transparency, strategic risk

Authors:

Deloitte

Organizations:
  • Deloitte

Summary:
Trading and transparency in EU capital markets will be transformed under new rules agreed in the revision to the Markets in Financial Instruments Directive and new Regulation (MiFID II/MiFIR). The reforms have been a long time in the making and are ambitious in scope; they will trigger a shift to a new trading landscape. Many of the new requirements are intended to be positive for the market as a whole through promoting competition, transparency, financial stability and the orderly functioning of markets. However, they will also create strategic and operational challenges for individual firms.

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