Lunchtime events
Financial market infrastructures are key promoters of competitiveness and market efficiency. Business models are currently striving to gather the best in-house technological expertise to minimise technological glitches under highly volatile market conditions and confront sweeping changes from upcoming regulatory overhaul in MiFID and EMIR.
Europe needs to look beyond the current legislative proposals to better protect investors. Beyond banning inducements for some advisers, regulation should address the incentives built into the remuneration of all sales personnel.
Invited by MEP Kay Swinburne, ECMI researchers met a group of MEPs during lunch at the European Parliament in Strasbourg to discuss informally ongoing regulatory reforms affecting market structure and investor protection.
Eurozone sovereign bond markets are in the eye of the storm. High borrowing costs and a fragmented sovereign issuances in Europe may be overcome in the future if fiscal consolidation and structural reforms deliver economic growth and greater integration by filling gaps in competitiveness among member states.