The Aggressive & the Cautious: The Buy Side's Reaction to MAR
The implementation of the Market Abuse Regulation last year was a small sample of what the market can expect when Mifid II takes effect next year.
Contrary to the general speculation of a further delay, last summer the European Securities and Markets Authority (ESMA) decided to push forward with the Market Abuse Regulation (MAR). It was a forceful move that drove many asset managers to seek out or build last-minute solutions to what some participants initially described as an "unwelcome distraction" ahead of preparations for Mifid II, which goes into effect in January 2018.
Similar to other regulatory initiatives, data collection was one
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