MiFID II/MIFIR was adopted by the European Parliament on 15 April 2014 and will apply on 3 January 2018 (EC proposed a one year delay and the EP voted early in June to support the one year postponement).
Collateral is used to provide security against the possibility of payment default by the opposing party in a trade. There is a wide range of possible collaterals used to collateralise different credit exposure.
The speed regulatory changes and related high implementing costs are proving a challenge to banks, broker-dealers and asset managers…
