Chris Skinner 
The Future of Investing 
In Europe’s Markets after MiFID

The Markets in Financial Instruments Directive (Mi FID) is the
biggest change programme Europe’s capital markets have ever
attempted. It takes all the protection away from Europe’s
Stock Exchanges and forces investment banks, brokers and dealers to
guarantee best execution. The organisational, process and
technology changes demanded by the Mi FID are massive.

In order to understand these challenges, industry commentator
Chris Skinner has gathered the views of Europe’s leading
figures in the Mi FID community to discuss its implications. From an
introduction from the European Business School and European
Commission, through the views of leaders in the key constituencies
of Mi FID Connect and the Mi FID Joint Working Group, through to
organisations supporting the markets such as Reuters and SWIFT,
this book provides a 360-degree perspective of the world of
investing in Europe’s markets after the Mi FID
implementation.

Anyone who has anything to do with dealing, trading and
investing in European equities and instruments will find this book
an essential guide to the markets now and into the future. With
this book as their guide, readers will understand:

* The key Mi FID business issues

* How to implement the directive

* How it will affect the markets once it comes into
force

قائمة المحتويات

About Chris Skinner.

About the contributors.

Acknowledgments.

Introduction.

PART 1: MIFID’S VISION< RULES AND REQUIREMENTS: THE
PRINCIPLES.

1 The Benefits, Opportunities and Challenges of Mi FID.

2 An Overview of Mi FID.

3. Best Execution.

4. Client Classification.

5. Passporting.

PART 2: MIFID’S REGLATORY REGIME: WILL IT WORK?

6. Principles-based Regulation -Will It Work?

7. Regulators: Consistent or Confused?

8. Regulatory Convergence: The Prospect for a European SEC.

9. Do We Need A Pan-European Regulator?

10. Mi FID and Reg NMS: Changing the DNA of the Capital
Markets.

PART 3: MIFID’S IMPLICATIONS: THE END OF THE EXCHANGES?

11. Make or Break for Europe.

12. Exchanges, MTF’s, Systematic Internalisers and Data
Providers – Winners and Losers in a Post-Mi FID World.

13. Europe’s Investment Markets in a Post-Mi FID World: the Fight
for Value-Add.

14. Taking the Cost and Risk Out of Mi FID Implementations.

15. What is the Outlook for Execution Venues Post Mi FID?

16. How Mi FID Changes Banking Business Across Europe.

17. Mi FID’s Impact Upon the Retail Investment Markets.

18. What is the Role of Pre- and Post-Trade Standards?

19. Mi FID: Data Leniency and All That.

Glossary.

Index.

عن المؤلف

CHRIS SKINNER is well-known for his regular columns on Finextra.com and in the Banker magazine, as well as for being a regular keynote at the world’s largest financial services conferences including SWIFT’s SIBOS, BAI in the USA, IIR in Europe and the Financial Times in the UK. When not on the circuit, Chris is Chief Executive of Balatro, a think tank on the future of financial services, and Chairman of the Financial Services Club, a UK-based group which meets regularly to debate the future of the financial markets. He is also Chairman of the Banker’s Technology Awards; a Judge with the Trade Tech Awards and the Asian Banker’s Excellence in Retail Financial Services program; as well as a contributor to the World Economic Forum’s program focused upon the future of banking. He lives in London, England, and can be found regularly at the world’s airport lounges gathering views and news on banking worldwide.