UK FSA pushes for Mifid II rethink on OTCs
Tuesday 31 January 2012 - by Karina Whalley
The proposals also require all services to professional clients be provided through a physical branch established in the EU. But the FSA acting director warned that this would be "very harmful" to market end-users given the global nature of activity in EU's international financial centres.
"We fear that the current scope of access restrictions will curtail investor choice and competition. And ultimately risk EU firms being denied access to third country markets," he said.
The Commission proposals identify the same gaps that the FSA do, but Lawton has urged Europe to choose the right "materials", which work in the interests of issuers, investors and regulators, to plug them .
|Login||Register||Most read||Most commented|
Will markets in 2012 have a tougher time than 2011?