Editorial - The Asian frontier

28 Feb 2005

As the European derivatives community gathers in Frankfurt for this year's FOW show, one of the most popular topics of discussion is bound to be how the industry can continue its impressive recent growth. Competing contracts and new contracts will no doubt be many people's first thoughts when the question is raised, but it would...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.