MiFID II – A Game Changing Piece of Legislature or Simply Another Restrictive Directive? We Ask the Question!
Celebrated by some, maligned by others, when MiFID II finally came into force on Jan 3rd, 2018 it represented a seismic change for the industry. From investment banks to insurance firms, you’d be hard pushed to find anyone, however disparately connected, who has not been deeply affected by its implementation—with certain factions making their displeasure heard. However, is the road to hell really paved with good intentions? Or is ESMA merely trying to change market structures without demonizing those involved? Here, we look at the good, the bad, and the ugly as we try to balance the books on MiFID II and what it means for the future of the markets.