Keep the pedal to the metal

Earlier this week ESMA called for delays to the MiFID II implementation deadline. So it’s goodbye to punishing timelines and we can all get our lives back! But hold on, before we breathe a collective sigh of relief, things are not quite that simple. Most importantly, it is not ESMA that can decide on a delay, but the European Commission (EC). Even if Steven Maijoor, ESMA’s Chair, has concerns around the “unfeasible” MiFID II calendar, the EC might not agree.... Read More

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