OTC derivatives face Mifid II
LONDON - Looming plans to regulate the over-the-counter derivatives industry in Europe could bring an extension of Mifid-style transaction reporting requirements for the bespoke products in the EU.
Maria Velentza, head of the European Commission's securities markets unit, said that while standardisation was necessary for financial stability, regulators had not yet decided on either side of the Atlantic the final shape of requirements to come.
Speaking at the International Swaps and Derivatives
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