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Markets and Securities Services |
Introduction
2
Well, MiFID II continues to hurtle towards its implementation deadline, which is now less than six
months away. So we couldn’t have an edition that didn’t look at implementation issues, this time in
the Netherlands. There are still many unanswered questions for practitioners.
There are other topics already on the regulatory horizon — and these also deserve some airtime.
The Capital Markets Union (CMU): mid-term review
If you haven’t paid the CMU Action Plan much attention yet, given your other more immediate
priorities, then now is the time to take a look. Through the CMU mid-term review, the EU Commission
aims to track progress of the CMU Action Plan, reframe actions in light of work undertaken so far
and evolving market circumstances, and consider adding new complementary measures to the CMU
Action Plan to tackle key challenges.
The Commission’s Consultation Paper invites suggestions on measures that focus on delivering the
overarching policy goals of the CMU:
Amanda Hale
Head of Regulatory
Services, Trustee and
Fiduciary Services, Citi
INTRODUCTION
Welcome again to our latest edition of
Global Trustee and Fiduciary
Services News and Views
, which captures content we know will be
of strategic interest to you. For instance, you may be asking, is the
regulatory implementation agenda finally slowing down? Is it now
time to expend valuable time and resource to focus on broader global
regulatory themes, soon to enter centre stage, and the opportunities
or challenges they might provide?
Financing for
innovation,
startups and
non-listed
companies.
Making it
easier for
companies
to enter and
raise capital on
public markets.
Investing for
long-term,
infrastructure
and sustainable
investment.
Fostering retail
investment
and innovation.
Strengthening
banking
capacity to
support the
wider economy.
Facilitating
cross-border
investment.
Most recently, work has begun to reach finalisation, with amendments to the Prospectus Directive
(with the implementation of a Regulation) and with work to help improve the operation of venture
capital funds. Our lead article considers for asset managers opportunities, reflections and
engagement arising from the CMU mid-term review. This initiative will continue to evolve with
further proposals to be published in June.