Bloomberg Law MiFID II Rules Roll Across European Banks (Audio)
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Jan 23, 2018 Luca Enriques, professor at Oxford University Law School, discusses the rollout of MiFID II rules to increase market transparency. Kartikay Mehrotra explores President Trump's challenges in shifting the judiciary to the right. They highlight Trump's appointees' influence in lower courts and potential implications for court system reshaping.
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MiFID II Transparency Challenges
- MiFID II imposes transparency but market players are creating new products to avoid lit market prominence.
- Smaller companies may face reduced financial research coverage, affecting their market presence.
Research Unbundling Risks
- Unbundling payments for research under MiFID II risks reducing financial equity research availability.
- Smaller players in research markets may struggle to sell their products under these new rules.
Delayed EU Adoption Effects
- Some EU countries have delayed converting MiFID II into national law but this likely won’t disrupt implementation.
- Authorities have ways to manage delays, though initial uncertainty and extra legal work will occur.