Banks, Bond Buyers Applaud as EU Softens Trade Transparency
- ESMA answers EU Commission’s call for ‘more cautious approach’
- BlackRock’s Fisher says phase-in is ‘right way to do it’
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Financial firms that buy and sell bonds and derivatives say the “more cautious approach” to market transparency recently adopted by European Union regulators will improve rules planned as part of the MiFID II overhaul, though the whole enterprise may still be in vain.