Too much regulation of spot FX could hurt European markets – MEP
A sub-section in the Markets Abuse Regulation could be sufficient oversight, says Ferber
As the European Commission weighs up an Australian-styled approach to regulating currency trading, Markus Ferber, a member of the European Parliament and the rapporteur tasked with negotiating Mifid II, cautions against excessive regulation.
Spot FX markets are global in nature, and Ferber says that if the European Union imposes overly restrictive rules it could result in trading moving away from the bloc.
“If the Commission is really doing something which hurts these markets, [that activity]
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