MiFID II, effective from January 2017, will together with a few other key regulations, define the future market for bonds and derivatives trading. MiFID II in particular introduces pre-trade transparency with firm executable prices distributed to a large number of clients and near real-time, post-trade disclosure of, among other things, price and size. This will, if not addressed, especially in combination with increasingly costly capital and funding requirements for market makers, pose a great threat to the liquidity and overall functioning of the Nordic marketplace. It is therefore of great importance for market participants to have a good understanding of these new regulatory requirements, their impact, and, most importantly, how to prepare for and contribute to a different, but still functioning Nordic marketplace also in the future!
This half day conference is an opportunity to hear policy experts from ICMA, experts and senior managers from the leading Nordic banks, investors and regulators discussing the current proposals from ESMA on MiFID II and related regulations and their likely effect on market functionality and liquidity, both from a European and Nordic market perspective.
ICMA is especially delighted to welcome Lars Rohde, Governor, Danish Central Bank as the opening keynote speaker at the conference.