|
By Charles DEQUAIRE, Partner - Managing Director Luxembourg and Ilva DIACO, Director Investment Valuation, Value Risk Valuation Services
Regulatory background
In the wake of the 2008 financial crisis, the European Union has enacted a series of regulations and directives aiming to increase transparency for investors.
The initiative began with Directive 2014/65/EU (more commonly referred to as MIFID II), which was designed to enhance transparency in the financial markets by establishing a more robust framework for cost transparency and improving the over-the-counter (OTC) trading environment by moving it to official exchanges.
Subsequently, the Packaged Retail and Insurance-based...
|