-The European Banking Federation (FBE) expresses its utmost concern at the proposal of the Investment Services Directive. Inclusion of pre-trade transparency requirements will kill off the in-house trading activity before it can get off the ground in those countries where it is currently not permitted. It will also create an undue burden in countries where it is currently permitted, thus erasing all potential benefits to European investors and extending the monopoly of the exchanges,
FBE states.
Press release
© FBE
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