On 7 July 2014, Finance Watch has published its responses to the ESMA MiFID II/MiFIR Level 2 Consultation Paper and to the ESMA MiFID II/MiFIR Level 2 Discussion Paper.
Related policy area
Deregulation of equity, bonds and derivatives markets has undermined the primary objective of financial markets: to channel savings and capital to the most promising economic developments, while managing risk adequately.
The European Securities and Markets Authority (ESMA) had invited responses to questions listed in those two papers. The publications are the first step in the process of translating the MiFID II/MiFIR requirements into practically applicable rules and regulations (Level 2) to address the effects of the financial crisis and to improve financial market transparency and strengthen investor protection.