Maijoor on why Mifid II is necessary

Author: Lizzie Meager | Published: 5 May 2017

The head of the EU securities regulator Steven Maijoor has said that the incoming Markets in Financial Instruments Directive (Mifid) II is necessary to reduce regulatory fragmentation within the bloc.

Speaking at the International Capital Market Association’s annual conference in Luxembourg yesterday, the regulator also confirmed that the existing deadline of January 3 2018 – one year later than initially planned – will be met.

The intention of EU regulation can be lost when it passes through Parliament

“We know not all regulation is greeted with applause, but inconsistencies in approach result in greater costs,” said Maijoor, chair of the European Securities and Markets Authority (Esma). “Getting to a common system is felt as a burden for individuals but it is worth it for the benefits that come from the single market.”

He added that for bond markets in particular, better transparency was needed as until recently, securities regulators have effectively...


 

 

close Register today to read IFLR's global coverage

Get unlimited access to IFLR.com for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice

register

*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb

register