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The MiFID Implementing Measures: Excessive detail or level playing field? ECMI Policy Brief No. 1, May 2006

Lannoo, Karel and Casey, Jean-Pierre. (2006) The MiFID Implementing Measures: Excessive detail or level playing field? ECMI Policy Brief No. 1, May 2006. [Policy Paper]

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    Abstract

    This Policy Brief provides a detailed critical analysis of the MiFID Directive’s draft implementing measures. It sets out to examine the evolution of EU regulation of investment firms from the original Investment Services Directive through the MiFID implementing measures, arguing that the EU Commission has moved from a principles- to a rules-based approach. The great level of detail in some of the implementing measures will impose significant costs to investment firms and could trigger unintended consequences. Nevertheless, some of the negative effects of the MiFID will surely be offset by the benefits derived from replacing 25 different regulatory regimes with a harmonised set of rules.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECMI Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 03 Oct 2009
    Page Range: p. 8
    Last Modified: 15 Feb 2011 18:16
    URI: http://aei.pitt.edu/id/eprint/11730

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