Editorial: When finance becomes science

Author: | Published: 29 May 2014

Poor old Esma. Tasked with implementing the Markets in Financial Instruments Directive II (Mifid II) and poised to announce its level one consultation, the regulator is increasingly being made aware of its shortcomings.

The discussion paper on Mifid II is due to be published at the beginning of June. Esma's latest assessment is that it will run to 400 pages, with around 100 pieces of technical work expected too. Chairman Steven Maijoor...