Whether the changes will be cosmetic or profoundly far-reaching will depend on the ambitiousness of the policy-makers in the European Commission, Parliament, and the Council (representing EU Member States).
Dennis Dick, CFA: “Circuit breakers and warning systems for stop or market orders are mere band-aids for potentially larger underlying market structural issues ...."
Report reveals 36 barriers to the development of a truly pan-European CMU; findings complement CFA Institute member survey results.
With 2015 slowly drawing to an end, it is time to have a look at what the New Year will bring in European financial services legislation.
Svi Rosov, CFA: “People awaiting the demise of the modern financial system may be disappointed.”
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