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MiFID II: state of play and remaining challenges (transparency, price formation, access to market data, …)

Day 2 Afternoon

Thursday 12 September

Room :

Fennia I - Roundtable

Speakers

Chair
Natasha Cazenave
Managing Director, Head of Policy and International Affairs, AMF
Public Authorities
Lee Foulger
Head of International Department, FCA
Verena Ross
Executive Director, ESMA
Erik Thedéen
Director General, Swedish FSA
Industry Representatives
Niels Brab
Head of Government Relations, Deutsche Börse Group
James Hilton
Head of Advanced Execution Sales EMEA, Credit Suisse
Vincent Remay
Advisor to the Chairman, Tradition

Objectives of the session

The objective of this session is to assess whether MiFID II has achieved its objectives in terms of securities trading and access to market data, identify the main issues that need addressing in these areas and discuss the way forward for tackling these issues.

Points of discussion

Has MiFID II generally achieved its objectives in the securities trading area in terms of increasing transparency and improving competition and best execution? What are the main improvements and shortcomings so far for investors, issuers and the market in general? What are the issues that need reviewing in the perspective of Brexit?

Has MiFID II helped to improve the availability of appropriate trading data and what are the main issues that need tackling?

What are the main priorities for addressing the issues posed by MiFID II concerning securities trading and trading data? How may the EU public institutions address the unintended consequences and shortcomings of MiFID II securities trading rules without initiating a MiFID III?