Bank Execs Call for Regulatory Harmonization and Cross-Border Clarity
Panelists discuss operational issues involved in cross-border compliance with Mifid II.
European (EU) regulatory reform has dominated the airwaves and agendas since January and nearly half a year later, firms are still adjusting to the new age of compliance. During a panel discussion on the extraterritorial impacts of Mifid II at the AFME conference on June 11, executives from major international banks said many are still scratching their heads when it comes to the legislation. Mifid II was drafted with the intention to foster greater transparency and stability within in the EU
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