Publication
Apr 2012
This paper outlines a new regulatory and institutional framework for multilateral and bilateral execution mechanisms of complex financial instruments, such as over-the-counter derivatives and fixed income products. The author argues that the current Markets in Financial Instruments Directive framework is equipped to capture a great deal of multilateral derivatives and fixed income trading, but the Directive fails to provide a complete definition of bilateral execution mechanisms and has narrowed it to mainly own-account trading.
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English (PDF, 16 pages, 549 KB) |
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Author | Diego Valiante |
Series | CEPS ECMI Research Reports |
Issue | 8 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2012 Diego Valiante |