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April 2017

Let’s be clear: The marginal benefits of transparency are not marginal

George Kaye, April 2017 Background Since the financial crisis of 2009, the financial industry has come under significantly greater regulatory scrutiny, in all areas from inducements to execution and reporting transparency. In Europe, two cornerstones of this regulation are the Markets in Financial Instruments Directive (MiFID) and the European Market Infrastructure Regulation (EMIR). The full scope of these directives is beyond the scope of this article. We will instead concentrate on …Read More