Out Of The Money: Christmas MiFID excitement at ESMA conference
Regulators, bankers and lawyers converged on Paris this week to attend the first ever conference organised by the European Securities and Markets Authority. Held at The Westin Paris Hotel right by the Tuileries Garden, the event came during an important year for ESMA.
The pan-European regulator is set to gain new powers from legislative proposals, including the ability to more stringently supervise foreign clearing houses.
As one lawyer told OOTM
, the regulator absolutely had to put on a good show. And not just for the market participants in attendance. Centralising power in
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