Rhodri Preece, CFA, is head of capital markets policy for the Europe, Middle East, and Africa (EMEA) region at CFA Institute. He is responsible for development and oversight of capital markets activities in the EMEA region, including content development, policy engagement and outreach. Rhodri formerly served as director of capital markets policy, focusing on issues related to primary and secondary market structures. He was named one of the “40 Under 40 Rising Stars of Trading and Technology” by Financial News.
The revised Markets in Financial Instruments Directive comes into effect January 2018, introduces a sweeping overhaul of European financial markets.
With Brexit looming, parts of Dodd-Frank on the chopping block, and other stressors on the global community, now is not the time for complacency in financial reform.
Brexit is moving forward, and the investment management industry needs to keep up with the effects it could have on business.
A new CFA Institute report reviews the current EU corporate governance policy landscape and the reforms that have been introduced over the past 10 years and offers recommendations for improvement.
Market structure issues rarely attract mainstream media attention. But IEX application gets to the heart of the integrity of the market, the efficacy of the regulatory framework, and whether investors have a fair opportunity to earn a return.
Ultimately, innovation in market design and diversity of business models that cater to different investor needs must be beneficial.
As is so often the case, the devil is in the detail. And with much of the detail applying to previously unchartered market terrain, it remains to be seen what consequences these rules will have for financial markets.
Investment professionals in EMEA are gloomier than their peers in the Americas and Asia Pacific over the prospects for economic growth in their local markets.
Need for meaningful reform was underscored recently when several banks were fined for rigging key foreign-exchange benchmarks.
The publicity frenzy over HFT in the wake of the Michael Lewis book Flash Boys has led to much conjecture, claim and counter-claim over how the current market structure serves investors.
Designed to align the interests of managers with investors, will the pay restrictions serve their intended purpose?
The genesis of MiFID II was to bring greater transparency to financial markets and strengthen investor protection. But despite the political agreement, the process is far from over.
According to the 2014 Global Market Sentiment Survey, optimism over the prospects for global economic growth is higher among CFA Institute members in the EMEA region than in the Americas or Asia Pacific regions, with 69% of EMEA respondents anticipating global growth next year.
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