A new reality: Banks won’t pass on cost of MiFID II
The European Commission has released updated financial regulations that include reforms to derivatives trading. But while the regulations may make the derivatives process more cumbersome for banks, they won’t be able to pass on the costs to customers.
The European Commission has announced its Markets in Financial Instruments Directive II (MiFID II), which is set to take force in 2018 and aims to enhance efficiency, resilience and integrity in finance by ensuring derivatives are traded on regulated markets. The rules also introduce position limits and portfolio compression transparency obligations, among a host of other regulations.
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