Brussels, 12thJanuary 2012- NYSE Euronext has today launched a new channel on its website dedicated to financial services regulatory policy in the European Union. The site kicks off with a review of the European Commission’s proposals on MiFID II and MiFIR. Aimed at legislators, policy makers, opinion formers and the media, the webpage will provide a new source of information, comment and analysis from a major player in European capital markets.
Commenting on the launch, Mark MacGann, Senior Vice President, Head of European Government Affairs and Public Advocacy, NYSE Euronext, said, “The EU will debate and decide an unprecedented volume of financial market reforms in 2012. Our aim is to provide informed opinion and analysis on these reforms, based on our experience running major equities and derivatives exchanges in Europe and the US.
At NYSE Euronext we manage 8 million trades a day and are a leading advocate of clear and consistent rules to protect all market players. As markets expand so does the need for transparency and clarity. European legislation must aim to provide better protection to end investors; bring greater transparency to trading in all financial instruments, and tackle the growing fragmentation of the European internal market for capital. This website is part of our contribution to the debate.
As part of our initiative we have created an animated video which covers MiFID II and we will be continually updating the website as the regulatory process evolves.”