The Greek Presidency on January 14 reached a provisional agreement in trilogue  on updated rules for markets in financial instruments (MiFID II). 

 

“The political agreement with the European Parliament on updated rules for markets in financial instruments constitutes an important step aimed at establishing a safer, sounder, more transparent and more responsible financial system.  

 

With the revised rules, the European Union, in response to the financial crisis, acquires a significant tool to reduce systemic risk and to ensure financial markets stability as well as adequate investor protection.” – said Greek Finance Minister Yannis Stournaras, the President of ECOFIN.