EU Council delays finalization of MiFID II

12/17/2012 | Risk.net (subscription required)

The Council of the EU is holding up approval of a revised Markets in Financial Instruments Directive, which has endorsement from the European Parliament and the European Commission. Consequently, final negotiations regarding stricter rules for over-the-counter derivatives likely will be postponed until the second quarter. The industry says that such a delay is frustrating.

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