Financial Services Financial Services

EU targets investment banks’ order flow payment loophole in leaked Mifir changes

By Jack Schickler
  • 17 Nov 2021 09:16
  • 17 Nov 2021 09:16
Investment banks will be banned from offering controversial “order flow” payments to brokers and face new restrictions on their ability to operate opaque proprietary exchanges, in leaked European Commission documents seen by MLex. 

Reforms to the EU’s Markets in Financial Instruments Regulation would also scrap controversial pro-competition rules for derivatives cleari

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