4th March 2015

BBA response to MiFID II /MiFIR ESMA consultation paper

BBA’s response is very much written from the perspective of how regulation can best serve the needs of users of the financial markets. Investors need efficient and fair markets in which they can invest and disinvest confidently and with minimum cost and optimal returns; issuers need efficient and fair markets in which they can raise capital cost-effectively; financial markets need optimal involvement of investors, issuers, and intermediaries to serve the financial needs of the European economy, European businesses, and European citizens. All of these considerations are highly relevant to the European Commission’s Capital Markets Union agenda.

BBA response to ESMA (656KB PDF)

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