Mifid II: best execution reports no use to investors

Author: Lizzie Meager | Published: 9 Mar 2018
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This week, heads of reporting at EU investment banks tell Practice Insight there's been very little interest from investors in Mifid II's incoming best execution reports as the buyside copes with reams of data and its own regulatory requirements including research unbundling.

Still on Mifid II, in-house sources and trading venues explain how little progress has been made on the legal entity identifier front, with thousands of issuers and financial counterparties still out there that haven't yet obtained one. A fallout is expected when Esma's six-month reprieve is up in July.

Meanwhile in Germany DCM desks, investors and lawyers debate the merits of standardisation in the Schuldschein market. The Loan Market Association is currently working on a pro forma template, but the buyside supports maintaining the status quo.

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