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 […]
Financial and investment rules (MiFID): Deal will curb food speculation, limit high freequency trading and bring greater transparency
The European Parliament and Council today reached agreement on proposals to revise EU legislation on markets in financial instruments (MiFID/MiFIR). The Greens welcomed improvements on market transparency and high-frequency trading (HFT) as well as curbing speculation, through the use of derivatives, in food, energy and other commodity markets that can have significant negative impact on […]
MEPs’ statement on the work on the single resolution mechanism for banks
Statement of the Chair, Rapporteur and shadow rapporteurs on the single resolution mechanism for banks The negotiating team of the European Parliament is united behind the strong mandate it received from the economic and monetary affairs committee. This mandate does not provide for any need for an intergovernmental agreement to formulate the details on the […]
Financial Times: Europe set to ease reform on bank splits
Brussels is set to ease financial reforms so that big European banks are not forced automatically to split lending operations from risky trading. In a draft European Commission proposal, seen by the Financial Times, the separation is no longer mandatory, would be less costly and restrictive than first envisaged and national supervisors are given wide […]