MiFID II – Seven Months before Compliance. Is Europe Gaining a New Competitive Edge in Financial Markets?

8 years ago - Published in Finance, Fundamental Analysis

 

 

MiFID II (Markets in Financial Instruments Directive II)   aims to ensure financial stability in the European Union member states by improving accountability and transparency in the financial system. Just in few months it will be mandatory for every European Institution to comply with its regulations.  Picking Alpha has talked to Karel Lannoo, CEO of CEPS, one of European leading think tanks on what markets can expect from MiFID II.

In our video interview Karel Lannoo is answering the following questions:

On January 3, 2018 all European Financial Institutions have to comply with MiFID 2. As we very well know implementation of any policy always faces some degree of uncertainty.   What are the most obvious risks associated with the MiFID II implementation?

In your opinion, once the new rules are implemented how will they impact the markets?  Will greater transparency undermine liquidity?

With MiFID II and Brexit uncertainty is EU pushing financial markets away from itself to Asia, Canada, New York?

Once MiFID II is implemented would you say that smaller asset management firms will get an advantage over the large companies?

Financial Institutions outside of Europe what should they prepare for?

After MiFID II is implemented what will be Europe’s top competitive advantage in Financial Markets?

 

Karel Lannoo has been Chief Executive Officer of the Centre for European Policy Studies (CEPS) since 2000 and senior research fellow since 1997. CEPS is one of the leading independent European think tanks, with a strong reputation in economic and foreign policy research.

Karel Lannoo is on the Board of Directors at Bolsas y Mercados Españoles, Distrimedia SA, European Crédit Research Institute.
On MiFID, co-authored The Mifid Revolution with Jean-Pierre Casey, published by Cambridge in September 2009, and MiFID 2.0 with Diego Valiante, published by CEPS in February 2011.

On May 26, 2017 he published the latest update on MiFID II: New market conduct rules for financial intermediaries: Will complexity bring transparency?

 

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