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ESMA launches retail consultation as industry calls for reform - Global Trading
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ESMA launches retail consultation as industry calls for reform - Global Trading
Responding to growing industry pressure, the European Securities & Markets Authority is consulting on changes to MiFiD 2 as it acknowledges current rules may ‘may create unintended obstacles for retail investors’. Europe’s securities regulator believes one of the continent’s biggest inefficiencies is hiding in plain sight: cash. Households keep 31 per cent of their financial wealth in bank accounts, compared with 21 per cent in the United States…
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