Should MiFID II be thrown in a regulatory bonfire?

Debate is raging in the financial servicesindustry over the extent to which the United Kingdom should maintain equivalencewith European Union rules in future, so as to maintain market access to thebloc. Nick Bayley discusses thisissue with regard to MiFIR reporting.

Nick Bayley ismanaging director in Duff & Phelps’ compliance and regulatory consultingpractice. He specialises in wholesale markets matters. Contact him onnick.bayley@duffandphelps.com.

The level of future divergence from European Unionregulation in the financial services industry is far from clear. Wish lists areapparently circulating within government and regulators of those items that theUnited Kingdom would ideally dispense with given free rein to do so.