‘Less research could lead to some very interesting ramifications in terms of asset prices in that there [could be] less price discovery based on public information’
The second installment of the Markets in Financial Instruments Directive will, like its predecessor, bring sweeping change to Europe’s capital markets
The ‘cornerstone’ of European financial markets regulation – the original Markets in Financial Instruments Directive (MiFID) – has been in force across the EU for the past six years. In light of the financial crisis, however, that cornerstone is now being revised in a bid to strengthen investor protection and bring even greater transparency. But how does it affect investor relations?The European Securities and Markets Authority (ESMA) published its final technical advice in
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