Banks respond to MiFID II provision

08/21/2014 | Risk.net (subscription required)

The revised Markets in Financial Instruments Directive includes a measure that forces banks to disclose margins on structured products. Deutsche Bank, Societe Generale and UBS oppose the measure. "Non-MiFID firms are not required to disclose, and hence this would result in a competitive disadvantage to MiFID firms," according to Deutsche Bank.

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