MiFID 2.0: Casting New Light on Europe´s Capital Markets
An outstanding conclusion to the work of the task force set by ECMI and CEPS on the review of the Markets in Financial Instruments Directive (MiFID), this report provides a generous set of findings drawn from current legislative proposals, academic literature, and market views. It identifies potential market failures and offers valid alternatives, while focusing on three core areas: transparency, market structure, and provision of investment services.
- Learn more about the launch of this report in Brussels and in London
As rapporteurs of the Task Force CEPS Research Fellow Diego Valiante and CEO Karel Lannoo find that the review of MiFID should clarify intended scopes, fill gaps in the legal text, and harmonise supervisory practices among member states. It should make sure that the benefits of a new competitive environment are spread along the value chain and passed-on to final users, retail and wholesale investors, as appropriate.
The views expressed in the Executive Summary and Final Report do not necessarily reflect the views and positions of all members involved in this Task Force, nor do members necessarily endorse any reference to academic and independent studies cited in the Report. For a full disclaimer, please refer to the Report itself.