Panels Weigh Costs/Benefits of New Regulations

Panelists at the Frankfurt Financial Information Summit debated the impact of new regulations—in particular, the second iteration of the European Commission’s Markets in Financial Instruments Directive, dubbed MiFID 2, for which the EC released draft proposals within the last two weeks (IMD Oct. 24), and the European Market Infrastructure Regulation, which aims to increase stability in the over-the-counter derivatives markets—on transaction and market data costs, but expressed doubts as to wheth