NIB boss tells industry ‘stop whining’ over MiFID at ICMA gathering

By Jasper Cox
16 May 2019

Complaining about MiFID is par for the course at industry gatherings. But Henrik Normann, president and CEO of the Nordic Investment Bank, told attendees at the 2019 conference of the International Capital Markets Association that the regulatory regime was only there “because the industry has failed”.

“You have to ask yourself: why do we have MiFID II?,” he said. “Nobody is happy about it. But that’s because the industry has failed. ISMA [ICMA’s forerunner], now ICMA, has failed in self-regulation. We have had Libor scandals, we have had mis-selling, you can go on.”

“We ...

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