Ezra Zahabi Pens IFLR Article on New EU Derivatives Legislation
IFLR.com has published the article “Connecting the dots: EU derivatives legislation may fall short of delivering a cohesive regime,” written by Akin Gump financial regulatory counsel Ezra Zahabi. The article addresses the new set of rules governing derivative trading that go into effect next year.
Zahabi writes that the new rules, the revised Markets in Financial Instruments Directive (Mifid II) and European Market and Infrastructure Regulation, aim to address concerns about the stability of global financial markets. They also introduce new risk mitigation measures. But, she says, “the two pieces of legislation do not work together seamlessly, and could risk causing market disorder and liquidity fragmentation instead of improving market stability.”
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