Resources and Regulations Produce Pressures for European Firms

The lack of an holistic approach, mixed with a raft of prescriptive proposals to alter market minutiae, will reduce liquidity in the marketplace and increase complexity, the panelists say. Regulators should clearly define their intentions for the review of the Markets in Financial Instruments Directive (Mifid II) and tackle the growing number of country-specific regulations to which market participants have little time to react.

"Technically speaking, I think some of these new requirements mean