Forthcoming events

Forthcoming Events

CEPS - Centre for European Policy Studies, 1 Place du Congrès/Congresplein, 1000 Brussels

In the year since its introduction, the second Markets in Financial Instruments Directive (MiFID II) has triggered structural changes and operational challenges in EU markets. On the structural side, there are now many more Organised Trading Facilities (OTFs) and Systematic Internalisers (SIs); some business such as in commodity derivative contracts has relocated from EU to US venues; and the market’s microstructure is altering (e.g. periodic auction and RFQ systems). Moreover, there are operational challenges regarding best execution (quality of data, monitoring activities/practices); transaction reporting (balance between quality, accuracy and completeness); research unbundling (balance between price, allocation and quality); transparency (dark pools vs lit trading venues and impact on liquidity).

CEPS - Centre for European Policy Studies, 1 Place du Congrès/Congresplein, 1000 Brussels

Three key building blocks, 6+1 key areas of priority, 33+9 policy actions. Has the CMU project been successful in delivering deeper and more integrated capital markets in the EU? The opinions on the progress (or lack thereof) are certainly mixed. However, CMU remains more relevant than ever for EU-27. BUT it needs re-branding, re-focusing, new energy and momentum, as well as political support.

The EGG, Rue Bara 175, 1070 Bruxelles

Britain’s departure from the EU poses challenges for European capital markets with far-reaching implications.