EUROPEAN UNION: Markets in Financial Instruments (MiFID): Commissioner Michel Barnier welcomes agreement in trilogue on revised European rules

Friday January 17 2014

Commissioner Michel Barnier has welcomed the agreement in principle reached January 14, 2014 by the European Parliament and the Council on updated rules for markets in financial instruments (MiFID II). These new rules will improve the way capital markets function to the benefit of the real economy. They are a key step towards establishing a safer, more open and more responsible financial system and restoring investor confidence in the wake of the financial crisis. The Commission would, however, have preferred a more ambitious implementation period.

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