Skinner The Future of Investing

In Europe's Markets after MiFID
1. Auflage 2007
ISBN: 978-0-470-51711-6
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 292 Seiten, E-Book

Reihe: Wiley Finance Series

The Markets in Financial Instruments Directive (MiFID) is thebiggest change programme Europe's capital markets have everattempted. It takes all the protection away from Europe'sStock Exchanges and forces investment banks, brokers and dealers toguarantee best execution. The organisational, process andtechnology changes demanded by the MiFID are massive.
In order to understand these challenges, industry commentatorChris Skinner has gathered the views of Europe's leadingfigures in the MiFID community to discuss its implications. From anintroduction from the European Business School and EuropeanCommission, through the views of leaders in the key constituenciesof MiFID Connect and the MiFID Joint Working Group, through toorganisations supporting the markets such as Reuters and SWIFT,this book provides a 360-degree perspective of the world ofinvesting in Europe's markets after the MiFIDimplementation.
Anyone who has anything to do with dealing, trading andinvesting in European equities and instruments will find this bookan essential guide to the markets now and into the future. Withthis book as their guide, readers will understand:
* The key MiFID business issues
* How to implement the directive
* How it will affect the markets once it comes intoforce

Autoren/Hrsg.

Skinner, Chris

Inhaltsverzeichnis

About Chris Skinner.
About the contributors.
Acknowledgments.
Introduction.
PART 1: MIFID'S VISION< RULES AND REQUIREMENTS: THEPRINCIPLES.
1 The Benefits, Opportunities and Challenges of MiFID.
2 An Overview of MiFID.
3. Best Execution.
4. Client Classification.
5. Passporting.
PART 2: MIFID'S REGLATORY REGIME: WILL IT WORK?
6. Principles-based Regulation -Will It Work?
7. Regulators: Consistent or Confused?
8. Regulatory Convergence: The Prospect for a European SEC.
9. Do We Need A Pan-European Regulator?
10. MiFID and RegNMS: Changing the DNA of the CapitalMarkets.
PART 3: MIFID'S IMPLICATIONS: THE END OF THE EXCHANGES?
11. Make or Break for Europe.
12. Exchanges, MTF's, Systematic Internalisers and DataProviders - Winners and Losers in a Post-MiFID World.
13. Europe's Investment Markets in a Post-MiFID World: the Fightfor Value-Add.
14. Taking the Cost and Risk Out of MiFID Implementations.
15. What is the Outlook for Execution Venues Post MiFID?
16. How MiFID Changes Banking Business Across Europe.
17. MiFID's Impact Upon the Retail Investment Markets.
18. What is the Role of Pre- and Post-Trade Standards?
19. MiFID: Data Leniency and All That.
Glossary.
Index.

Über Autor(innen)

CHRIS SKINNER is well-known for his regular columns on Finextra.com and in the Banker magazine, as well as for being a regular keynote at the world's largest financial services conferences including SWIFT's SIBOS, BAI in the USA, IIR in Europe and the Financial Times in the UK. When not on the circuit, Chris is Chief Executive of Balatro, a think tank on the future of financial services, and Chairman of the Financial Services Club, a UK-based group which meets regularly to debate the future of the financial markets. He is also Chairman of the Banker's Technology Awards; a Judge with the TradeTech Awards and the Asian Banker's Excellence in Retail Financial Services program; as well as a contributor to the World Economic Forum's program focused upon the future of banking. He lives in London, England, and can be found regularly at the world's airport lounges gathering views and news on banking worldwide.