The lead MEPs in charge for the second pillar of banking union, the single resolution mechanism, have begun preparing texts for Parliament’s April plenary vote. These texts will take on board concerns of some member states in a spirit of compromise, while at the same time maintaining a credible and fair system, able to reach […]
Investment fund rules (UCITS): Deal improves investor protection against reckless risk taking
The European Parliament and Council today reached agreement on draft EU legislation on investment funds (the UCITS V directive), a sector that is valued at almost €6.3 trillion. The legislation, which is being shepherded through the European Parliament by Green draftsperson/rapporteur Sven Giegold, will now enter into law following final endorsement by Parliament and Council. […]
ECON report on enhancing the coherence of EU financial services legislation
Dear friends and colleagues, The Economic and Monetary Affairs Committee (ECON) of the European Parliament has published a report on measures of how to enhance the coherence of EU financial services legislation. The ECON Committee held a public consultation on that topic in 2013 and the resulting conclusions and intended steps are presented in the report. […]
Results of the MiFID deal
High frequency trading Tick size regime: The smallest change by which a price of an investment product on a trading venue will be able to alter (tick) will be regulated. Smaller ticks increase the possibility for high frequency trading strategies to create revenues. Algorithms: Traders planning to use algorithmic trading on a trading venue will […]