MiFIR Review proposal: Americanization of EU financial markets?
MiFIR Review proposal: Americanization of EU financial markets?

Author(s): Petr Tomčiak
Subject(s): Politics / Political Sciences, Law, Constitution, Jurisprudence, Public Law, Law on Economics, Commercial Law
Published by: Societatea de Stiinte Juridice si Administrative
Keywords: Consolidated tape; CMU; EU financial markets; MiFIR Review;
Summary/Abstract: This contribution aims to discuss the recent proposal to review Regulation (EU) No. 600/2014. The European Commission proposed to establish the consolidated tape in the European Union and increase transparency for investors in the EU financial markets. The EU is struggling to attract non-EU investors in the last few years. The proposal puts on the table legislative changes similar to those that are in place in the United States for more than a decade. The question is whether the EU is getting inspired by the regulation on the other side of the Atlantic Ocean in order to help financial markets in the EU. The contribution shall discuss the Markets in Financial Instruments Regulation (MiFIR) Review proposal and find if the European consolidated tape can copy the American model.

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