Trillions in Stock and Derivative Trades at Risk Over New EU Rules

(Bloomberg) Trading in blue-chip stocks and trillions of dollars of derivatives could be thrown into turmoil by the European Union’s MiFID II regulatory overhaul unless the bloc acts fast to give financial firms full freedom to transact in foreign markets. The European Commission, the EU’s executive arm, is racing to determine whether the rules in countries such as the U.S., Switzerland and Singapore are as tough as those that start in Europe on Jan. 3. Without such equivalence decisions, MiFID II could disrupt trading on platforms in those countries, fracturing global markets and potentially driving up costs.

To read this article: