The MiFID revolution / J.-P. Casey and K. Lannoo ; preface by David Wright.

Format:

Book

Author/Creator:

Casey, Jean-Pierre, author.

Lannoo, Karel, author.

Language:

English

Subjects (All):

Financial instruments--European Union countries.

Financial instruments.

Physical Description:

1 online resource (xii, 228 pages) : digital, PDF file(s).

Edition:

1st ed.

Place of Publication:

Cambridge : Cambridge University Press, 2009.

Language Note:

English

Summary:

The Market in Financial Instruments Directive (MiFID) is nothing short of a revolution. Introduced on 1 November 2007, it will have a profound, long-term impact on Europe's securities markets. It will see banks operating as exchanges for certain activities, offering alternative execution services that more closely resemble the structure of over-the-counter markets, and will lead to the decentralisation of order execution in an array of venues previously governed by concentration rules. Crucially, MiFID will also have a profound impact on the organisation and business strategies of investment firms, exchanges, asset managers and other financial markets intermediaries. Until now, analysis has focused on the directive's short term implementation issues. This book focuses on the long term strategic implications associated with MiFID, and will be essential reading for anybody who recognises that their firm will need to make constant dynamic readjustments in order to remain competitive in this challenging new environment.

Contents:

The MiFID revolution

Origins and structure of MiFID

Client suitability and appropriateness under MiFID

Best execution

Financial market data and MiFID

Managing conflicts of interest : from ISD to MiFD

The MiFD approach to inducements : imperfect tools for a worthy policy objective

MiFID's impact on the fund management industry

MiFID and bond market transparency

The division of home and host country competences under MiFD

MIFID and Reg NMS : a test-case for "substituted compliance"?

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references (p. 221-222) and index.

ISBN:

1-107-19177-7

1-282-65152-8

9786612651526

0-511-76881-8

0-511-76658-0

0-511-76965-2

0-511-76519-3

0-511-76797-8

OCLC:

645097744