Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

European Commission tables MiFID proposals

The European Commission has tabled formal draft proposals for its controversial Markets in Financial Instruments Directive (MiFID) fleshing out arduous new trade reporting and transparency requirements for securities industry participants.

06 February 2006

News/MiFID

MiFID takes centre stage at Finexpo

There was standing room only at Cabot Hall, the venue for Finextra's annual City Technologies conference and exhibition Finexpo, which took place in London's Docklands, Thursday. Delegates from major investment banks, asset management firms and hedge funds crammed in to hear the latest viewpoints on key industry issues and to try out the latest technology on a sold-out exhibition floor.

26 January 2006

News/MiFID

Giovannini puts in guest appearance at Finexpo; exhibition sold out

Alberto Giovannini, the author of an influential European Commission report on EU cross-border clearing and settlement arrangements, is to chair a special interest MiFID session organised by SunGard at a Finexpo satellite event in London's Docklands next week.

20 January 2006

News/MiFID

Swift to establish MiFID working group

Financial network Swift says it is establishing a standards working group to ensure any future ISO message standards comply with the EU's Markets in Financial Instruments Directive (MiFID), which is expected to come into force in November 2007.

15 December 2005

News/MiFID

FSA moves to cut red tape

Stung by criticism that it operates an overly prescriptive compliance regime, the Financial Services Authority (FSA) has published plans to reduce the cost and burden of regulations on UK firms.

02 December 2005

News/MiFID

FSA warns firms to step up MiFID preparations

The UK's Financial Services Authority (FSA) is urging banks and asset management companies to step up their preparations for the implementation of the European Union's Markets in Financial Instruments Directive (MiFID), which the watchdog says is now likely to come into force on 1 November 2007.

21 November 2005

News/MiFID

UK trade associations establish MiFID implementation programme

Four major financial trade associations in the UK have established a joint industry-driven programme to help firms implement the European Union's Markets in Financial Instruments Directive (MiFID).

16 November 2005

News/MiFID

Buy-side unimpressed by MiFID

Over half of buy-side institutions believe that the introduction of the European Union's Markets in Financial Instruments Directive (MiFID) will impose high costs but provide little benefit, according to a survey conducted by electronic trading network Liquidnet Europe.

14 November 2005

News/MiFID

City investment firms not ready for MiFID

New research published by the MiFID Joint Working Group (JWG) has found that more than two-thirds of London-based investment firms do not have - or do not know if they have - a framework in place for complying with the directive.

31 October 2005

News/MiFID

Compliance costs mount as US banks slip behind on MiFID timetable

More than 80% of Northern American banks are not on schedule to meet the current April 2007 deadline for complying with the EU-wide Directive On Markets in Financial Instruments (MiFID), according to financial consultancy Capco.

21 October 2005

News/MiFID

European Commission set to extend MiFID deadline again

The European Commission is set to delay the implementation of its controversial Directive On Markets in Financial Instruments (MiFID) by a further six months.

19 October 2005

News/MiFID

MiFID compliance bill could reach $1 billion - TowerGroup

Broker-dealers trading on their own accounts will need to spend at least $22 million each to comply with the European Union's Markets in Financial Instruments Directive (MiFID), according to research from TowerGroup.

04 October 2005

News/MiFID

FSA to review trading transparency in the bond markets

The UK's Financial Services Authority (FSA) has published a discussion paper to examine whether there is a need for greater pre- or post-trade price information in the secondary bond markets.

05 September 2005

News/MiFID

European securities exchanges add to MiFID concerns

The Federation of European Securities Exchanges (FESE) has added its voice to the rising clamour about the EU's controversial directive on markets in financial instruments (MiFID).

30 August 2005

News/MiFID

European Banking Federation slams MiFID proposals

The European Banking Federation (FBE) has criticised the EU's controversial directive on markets in financial instruments (MiFID) for being "too complex, cumbersome and restrictive".

22 August 2005

News/MiFID

Deutsche Bank bans mobiles from trading floors

Deutsche Bank has banned the use of mobile phones at its trading rooms in a bid to make it easier to monitor traders' conversations with clients.

26 July 2005

News/MiFID

FSA hits out at MiFID cost burden

The head of the UK's Financial Services Authority has launched a stinging attack on the European Union's new investment services directive, which he claims will impose significant costs in return for questionable benefits.

22 July 2005

News/MiFID

MiFID to spark EUR1 billion IT spend

The EU-wide Markets in Financial Instruments Directive (MiFID) will lead to a EUR1 billion technology spend by capital markets participants, according to estimates by analyst group Celent, but it will also create a EUR1.15 billion revenue-generating opportunity for the investment industry.

20 July 2005

News/MiFID

BearingPoint hires Alan Jenkins as head of MiFid

Consulting and systems integration firm BearingPoint has appointed Alan Jenkins as head of MiFID within its London-based financial services team.

24 June 2005

News/MiFID

MiFID deadlines extended by six months

The European Commission has offered the securities industry an extra six months breathing space to prepare for the implementation of its controversial Directive On Markets In financial Instruments (MiFID).

21 June 2005