MiFID II - Delay to 2018 and Beyond?
Posted: Sat Feb 06, 2016 1:59 pm
It is looking increasingly likely that the planned overhaul of the European regulatory framework under MiFID II and MiFIR is to be delayed for a year or even longer.
Rumblings started in early November last year with a speech by Stephen Maijoor, the head of the European super-regulator ESMA, in which he indicated that timings for stakeholders and regulators to build and implement IT systems were very tight and even unfeasible in certain cases.
Earlier this week, Mr Maijoor said to Reuters that he expected the decision to delay would be settled in a few weeks, although he warned that a ... (read more)