Barnier voices concerns about MiFID II derivatives rules

EU Internal Market Commissioner Michel Barnier has criticized how the revised Markets in Financial Instruments Directive deals with derivatives regulation. The rules "would allow markets to continue trading in total opacity and, given the size of its derivatives markets, effectively undermine the reforms that the global regulatory community agreed through the [Group of 20]," Barnier wrote in a letter to European Parliament member Markus Ferber.

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