Relevant bibliographies by topics / MiFID II

Contents

  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers

Academic literature on the topic 'MiFID II'

Author: Grafiati
Published: 4 June 2021
Last updated: 11 March 2023

Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles

Select a source type:

Consult the lists of relevant articles, books, theses, conference reports, and other scholarly sources on the topic 'MiFID II.'

Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.

You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.

Journal articles on the topic "MiFID II"

1

Liegl, Silvia, and Johannes Duy. "Überprüfung des MiFID II/MiFIR-Regelungsrahmens inklusive „MiFID II Quick Fix“." Zeitschrift für das gesamte Bank- und Börsenwesen 68, no. 10 (2020): 724. http://dx.doi.org/10.47782/oeba202010072401.

Full text
APA, Harvard, Vancouver, ISO, and other styles
2

Yeoh, Peter. "MiFID II Opportunities and Regulatory Challenges." Business Law Review 39, Issue 4 (August 1, 2018): 126–35. http://dx.doi.org/10.54648/bula2018022.

Full text
Abstract:
The Markets in Financial Instruments Directive Version I (MiFID I) was adopted primarily to promote competition in financial services in the EU as a core component of the single market agenda. But its implementation, in the midst of the 2007 global financial crisis, uncovered several flaws negatively impacting investor protection and market efficiency. This inspired a review of its impact that subsequently led to MiFID II. MiFID II that came into effect on 3 January 2018 combined the revamped MiFID I and the Markets in Financial Instruments Regulation (MiFIR). Financial services market participants under its purview, while envisaging the opportunities unfolding, would also need to contend with several key challenges.
APA, Harvard, Vancouver, ISO, and other styles
3

Hoops, Christian. "Das ToTV-Kriterium der MiFID II in der Rechtspraxis." Zeitschrift für Bankrecht und Bankwirtschaft 30, no. 6 (December 13, 2018): 410–16. http://dx.doi.org/10.15375/zbb-2018-0610.

Full text
Abstract:
Zusammenfassung Mit der zweiten Finanzmarktrichtlinie (Markets in Financial Instruments Directive – MiFID II) und der sie begleitenden Verordnung (Markets in Financial Instruments Regulation – MiFIR) soll u. a. gewährleistet werden, dass der gesamte organisierte Handel an regulierten Handelsplätzen stattfinden und sowohl in der Vorhandels- als auch in der Nachhandelsphase vollkommen transparent sein sollte. Die Transparenzpflichten der ersten Finanzmarktrichtlinie (MiFID I) waren nicht auf alle Finanzinstrumente und Formen des organisierten Handels anwendbar, so dass ein Großteil des Wertpapierhandels intransparent durchgeführt wurde. Im Rahmen der MiFID II wurden daher das Marktinfrastrukturregime sowie die Melde- und Transparenzpflichten überarbeitet. Anders als in der Vergangenheit sind diese Pflichten nun bereits anwendbar, wenn ein Finanzinstrument an einem Handelsplatz gehandelt wird (traded on a trading venue – ToTV). Eine trennscharfe Differenzierung, ab wann ein Finanzinstrument das ToTV-Kriterium erfüllt, ist in der Rechtspraxis allerdings mit Herausforderungen verbunden und es besteht Verunsicherung darüber, ob die Anforderungen der MiFID II-Gesetzgebung korrekt umgesetzt werden.
APA, Harvard, Vancouver, ISO, and other styles
4

Krüger Andersen, Peter. "Time to Reduce Complexity in a Data-Driven Regulatory Agenda – Perspectives on the MiFID II Best Execution Regime." European Company and Financial Law Review 17, no. 6 (December 1, 2020): 692–725. http://dx.doi.org/10.1515/ecfr-2020-0027.

Full text
Abstract:
The revised Markets in Financial Instruments Directive and Regulation (the MiFID II regime)See Directive 2014/65/EU (MiFID II) and Regulation (EU) 600/2014 (MiFIR). is one of the most comprehensive reforms of market structural and investor protection regimes the world has yet seen. The MiFID II regime will affect the European – and likely the global – market structure for years to come. Based on relevant perspectives from the revised best execution regime under MiFID II, this article suggest that it is time to reduce complexity. It is argued that unless a sufficient degree of horizontal and vertical integration of the best execution regulation takes place, the policy objectives cannot be reached. Further, it is argued that the significant data exercise that comes with the new rules only serves end-investors if a sufficient level of data consistency can be achieved. From this outset, the article emphasises the increased importance of data in today’s EU financial regulation. The article includes relevant comparisons to the equivalent US rules on best execution.
APA, Harvard, Vancouver, ISO, and other styles
5

Sajnovits, Alexander. "Die MiFID II-Regulierung von Datenbereitstellungsdiensten in Deutschland." Zeitschrift für Bankrecht und Bankwirtschaft 31, no. 3 (June 18, 2019): 162–79. http://dx.doi.org/10.15375/zbb-2019-0304.

Full text
Abstract:
Zusammenfassung Die Finanzkrise hat nach Überzeugung des Europäischen Gesetzgebers erhebliche Transparenzdefizite der Finanzmärkte zutage treten lassen. Die Steigerung der Transparenz auf den Finanzmärkten ist daher eines der tragenden Prinzipien bei der Stärkung des Finanzsystems durch das MiFID II/MiFIR-Regulierungspaket. Im Fokus der Transparenzstärkung stehen dabei nicht nur sog. dark trades, die nicht in die Vorhandelstransparenz des MIFID I-Regimes einbezogen waren. Defizite wurden vielmehr auch bei der Datenqualität und der Art und Weise der Zugänglichmachung von Daten identifiziert. Mit den Datenbereitstellungsdiensten tritt ein neuer regulierter Marktteilnehmer neben Marktbetreiber und Wertpapierfirmen, der wesentlich dabei helfen soll, Transparenzdefizite künftig einzudämmen und damit eine effizientere Preisbildung zu befördern.
APA, Harvard, Vancouver, ISO, and other styles
6

Prorokowski, Lukasz. "MiFID II compliance – are we ready?" Journal of Financial Regulation and Compliance 23, no. 2 (May 11, 2015): 196–206. http://dx.doi.org/10.1108/jfrc-02-2014-0009.

Full text
Abstract:
Purpose – This paper aims to discuss the impact of nascent Markets in Financial Instruments Directive (MiFID II) initiatives and, thus, to deliver practical insights into MiFID II implementation, compliance and cost reduction MiFID II constitutes the backbone for the upcoming financial market reforms. With the first proposal of MiFID drafted in October 2011, this regulatory framework has undergone over 2,000 amendments. As MiFID II currently stands, this Directive attempts to address issues exposed by the global financial crisis. Design/methodology/approach – This study, based on secondary research and an in-depth analysis of the MiFID II framework, investigates structural and technological challenges entailed by this Directive. The analysis is broken down into the following sections: technological and structural challenges; costs of implementation; MiFID II teams; facilitating near real-time regulatory reporting; increased transparency requirements; and information technology (IT) initiatives for MiFID II compliance. Findings – MiFID II commands significant changes in business and operating models. With this in mind, the study indicates current technological and structural challenges faced by financial institutions and advises on ways of mitigating MiFID II risks. Although it is too early to assess the costs of implementing MiFID II, this paper suggests ways of reducing MiFID II-related costs. The study also advises on organising dedicated teams to deal with MiFID II. Furthermore, this paper argues that early investments in IT systems and processes would allow financial services firms to gain a competitive advantage and, hence, scoop up market share or launch new, lucrative services – especially in the area of collateralisation and market data processing. Originality/value – This paper shows that the current version of MiFID II still requires a great deal of attention from the regulators that need to readdress contentious issues revolving around the links between MiFID II and other regulatory frameworks such as European Market Infrastructure Regulation and Dodd–Frank. This study addresses the MiFID II compliance issues by adopting European Union and non-European Union banks’ and asset managers’ perspectives and, hence, delivers practical implications for risk managers and compliance officers of various financial institutions.
APA, Harvard, Vancouver, ISO, and other styles
7

Mellenbergh, Rik. "MiFID II: New Governance Rules in Relation to Investment Firms." European Company Law 11, Issue 3 (June 1, 2014): 172–77. http://dx.doi.org/10.54648/eucl2014035.

Full text
Abstract:
The European Parliament and the European Committee proposed a new 'Markets in Financial Instruments Directive' (MiFID II) in order to replace the Directive 2004/39/EG (the MiFID framework directive (MiFID I)) recently. The EP and EC also proposed a new MiFID II-Regulation. MiFID II stipulates rules with respect to providing services in financial instruments by banks and investment firms, as well as the operation of regulated markets by market operators.
APA, Harvard, Vancouver, ISO, and other styles
8

Yeoh, Peter. "MiFID II key concerns." Journal of Financial Regulation and Compliance 27, no. 1 (February 11, 2019): 110–23. http://dx.doi.org/10.1108/jfrc-04-2018-0062.

Full text
Abstract:
Purpose This paper aims to discuss key concerns surrounding the recent implementation of the Markets in Financial Instruments Directive (MIFID II). It focuses on the UK regime. The insights derived are envisaged to be helpful guides for participants and regulators in financial markets. Design/methodology/approach This paper used the legal-economics perspective. It relied on primary data from statutes and regulations and secondary data from the public domain to analyze the phenomenon. The analytical framework comprised the following sections: Introduction, MiFID I review, MiFID II scope, MiFID II key concerns and concluding remarks. Findings Only half of the EU Member States including the UK managed to transpose MiFID II within the 3rd January 2018 effective date. At this early stage of implementation, various teething problems were encountered. These pertained to costs and charges reporting, firm governance, product governance, transaction reporting, best execution and research. Owing to the sheer scale and complexity of MIFID II, most entities barely coped with their reporting obligations. Noting the situation, the Financial Conduct Authority assured firms taking all sufficient steps that they would be treated fairly. Research limitations/implications The paper was not sufficiently empirical. However, the study benefited reasonably from triangulation of data and perspectives to provide good insights on the implementation effects of the complex and voluminous EU rules for governing financial markets with global implications. Practical implications Investors could gain from the enhanced transparency and best execution rules. Investment banks could gain from the emerging resilient, integrated and efficient financial markets. Regulators with better access to more and higher quality reporting could intervene more effectively when required. Originality/value This paper assembled and critically analyzed currently available research insights in these areas so as to provide useful guidance to those needing to work and comply with MiFID II rules and academics teaching financial services law.
APA, Harvard, Vancouver, ISO, and other styles
9

Brandl, Ernst, and Raphael Toman. "MiFID II und Telefonaufzeichnungen." Zeitschrift für das gesamte Bank- und Börsenwesen 64, no. 8 (2016): 564. http://dx.doi.org/10.47782/oeba201608056401.

Full text
APA, Harvard, Vancouver, ISO, and other styles
10

Kipker, Dennis-Kenji, and Mattea Stelter. "Datenschutz unter MiFID II." Datenschutz und Datensicherheit - DuD 42, no. 6 (June 2018): 364–67. http://dx.doi.org/10.1007/s11623-018-0957-6.

Full text
APA, Harvard, Vancouver, ISO, and other styles
More sources

Dissertations / Theses on the topic "MiFID II"

1

Schrewe, Stefan [Verfasser]. "Die systematische Internalisierung in Nichteigenkapitalinstrumenten nach MiFID II/MiFIR / Stefan Schrewe." Frankfurt a.M. : Peter Lang GmbH, Internationaler Verlag der Wissenschaften, 2019. http://d-nb.info/1187619345/34.

Full text
APA, Harvard, Vancouver, ISO, and other styles
2

Chytilová, Alice. "Dopad evropské legislativy na český finanční trh." Master's thesis, Vysoká škola ekonomická v Praze, 2014. http://www.nusl.cz/ntk/nusl-192332.

Full text
Abstract:
The thesis is focused on European markets financial instruments directives effective for czech financial market and is divided into three main parts -- a summary of european legislation in the financial markets field, evaluation of the impact of MiFID on the czech financial market and assumption for passing MiFID II with assessing whether new legislation needed. The thesis contains assessments of formation, progress and impact of European law on czech financial market. Evaluation of impacts is not just a description, but the real assessment of impact based on quantitative indicators. Recommendations concerning adoption of a new legislation proceed from lacks and issues found out on czech financial market.
APA, Harvard, Vancouver, ISO, and other styles
3

Sandholm, Sanny, and Maja Wass. "En granskning av transparensreglerna i MiFID II och MiFIR och dess implementering i svensk rätt." Thesis, Linköpings universitet, Affärsrätt, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-141995.

Full text
Abstract:
Transparens på den finansiella marknaden finns för att marknadsaktörer ska ha möjlighet att se vilka finansiella instrument det handlas med, i vilken volym och till vilket pris. Transparensen bidrar till mer tillgänglig information och en effektivare marknad, där priset på instrumentet speglar dess faktiska värde. I den här uppsatsen behandlas EU-direktivet MiFID II och förordningen MiFIR. Syftet med MiFID II och MiFIR är att komplettera den tidigare transparensregleringen och dessutom verka för en enhetlig reglering på den europeiska finansiella marknaden. De flesta artiklarna angående transparens finns i MiFIR, vilka reglerar krav på transparens, men också undantag från transparens. Ett stort problem som finns på dagens finansiella marknad är att många transaktioner inte är föremål för transparens, utan görs i så kallade Dark Pools eller utanför handelsplatser. När handel sker i Dark Pools eller utanför en handelsplats är det svårt för marknadsaktörer att få tillgång till information om vilka och i vilken omfattning det handlas med instrumenten. Fördelen för de aktörer som handlar i Dark Pools och utanför en handelsplats är att de inte behöver exponera sina transaktioner och därmed inte heller dela med sig av eventuellt informationsövertag. Handel i Dark Pools och utanför handelsplatser är dessutom oftast billigare än handel på exempelvis börsen. Huvudsyftet med MiFID II och MiFIR är att, genom att begränsa handeln som sker i Dark Pools och utanför handelsplatser, öka transparensen på den finansiella marknaden. Trots detta visar lagstiftaren vikten av att väga andra intressen, som kan missgynnas av transparens, genom att införa flera olika undantag från transparenskraven. MiFID II och MiFIR träder i kraft först den 3 januari 2018, vilket gör det svårt att förutse regelverkets framtida följder. Det är först efter införandet av regelverket som vi kommer att se hur marknadsaktörerna reagerar på kraven och möjligheterna till undantagen. För att i uppsatsen kunna analysera en potentiell reaktion på den svenska finansiella marknaden, beaktas den svenska inställningen till tidigare transparensreglering. Vidare vägs fördelar med transparenskraven mot nackdelar och undantagens omfattning och utformning analyseras. Slutsatsen är att transparensreglerna kommer att öka transparensen på marknaden, i den mån att transparensen inte äventyrar den effektiva prisbildningen.
APA, Harvard, Vancouver, ISO, and other styles
4

Noresson, Josefine, and Krenare Neziri. "Betydelsefulla framgångsfaktorer vid implementering av finansiella regelverk : En studie inför implementeringen av MiFID II för finansiell rådgivning och investeringstjänster." Thesis, Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:hh:diva-31259.

Full text
Abstract:
Denna uppsats syftar till att förklara och förstå de centrala faktorer som är av betydelse vid en implementering av ett finansiellt regelverk. Ett kvalitativt tillvägagångssätt har använts för att uppnå vårt syfte, genom att intervjua olika respondenter från olika typer av finansiella företag som står inför den kommande förändringen. Genom att kombinera vårt empiriska resultat med den framtagna teorin om implementeringar, har vi kunnat komma fram till faktorer som är av betydelse vid implementeringar av finansiella regelverk.  De mest betydelsefulla faktorerna för en framgångsrik implementering av finansiella regelverk är anpassningsbarhet, analysförmåga och kommunikation. Genom att redan tidigt följa regelverkets utveckling kan organisationen ha en god uppfattning om hur det senare kommer att utformas på en nationell nivå. På detta sätt blir inte implementeringsprocessen lika begränsad av den långa tid som det tar att stifta de nationella regleringarna. Det är väsentligt att organisationerna kan anpassa sin implementeringsmetod utifrån regelverkets innehåll, men även anpassat till dagens moderniseringen av tekniken. När det gäller att implementera regelverk är det oftast direkt kopplat till de utgivna tjänsterna, vilket sätter mer vikt på medarbetarnas kunskap och förståelse vid en sådan implementering.
This study seeks to explain and understand the key factors that are important when implementing a financial regulation.        A qualitative approach has been used to achieve our purpose, by interviewing different respondents from different types of financial companies facing the coming change. By combining our empirical results with the developed theory of implementations, we´ve been able to find factors that are important when implementing financial regulations.  The most important factors for a successful implementation of financial regulations are adaptability, analysis capability and communication. By following up early with the regulatory developments, the organization can have a good idea of ​​what it will look like when it’s finalized on a national level. In this way, the implementation process will not be limited by the long time that it takes to enact the national regulations. It is essential that organizations can adapt their implementation method based on the content of the regulation, but also adapt it to today's modernized technology. When it comes to implementing regulations, it is usually directly related to the services that are being offered, which puts more emphasis on the employees' knowledge and understanding.
APA, Harvard, Vancouver, ISO, and other styles
5

Svensson, Anna, and Plessis de Richelieu Hannes du. "The never ending story : en studie om hur banker implementerar nya regelverk." Thesis, Högskolan Kristianstad, Avdelningen för ekonomi, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:hkr:diva-18308.

Full text
Abstract:
The ability of banks to implement regulations is important in several aspects. From the Finance Inspection ́s Point of view a successful implementation is important to protect the financial system and the consumers. For the banks it is important from a cost-benefit perspective, but also to keep customers satisfied and to maintain the right to continue banking. In spite of the advantages of successful implementation, the research in this area is limited. The aim of the study is therefore to explain how banks can implement new regulations. To fulfil the aim of the study we have adopted a qualitative view. Two case studies have been made in which empirics has been collected through eight semi-structured interviews. The respondents were bank employees who had been highly involved in the implementation of MiFID II and MiFIR. The empirics were thereafter analyzed with guidance from the theoretical frame of reference. The conclusion of the study is that the banks implementation of regulations is influenced by different factors: the cooperation between banks, the aim of the bank, the corporation culture, and the structure of the organization. The analyze has been used as a start point to create a model for how banks implement regulations. Implementation can be divided into interpretation and introduction. A major challenge is to translate the regulations and integrate them into the business activity. In order to make the employee practice the regulations, different steering mechanisms are used, for example education, information and monitoring.
Bankers förmåga att implementera regelverk kan utifrån flera perspektiv anses viktigt. Utifrån finansinspektionens perspektiv är en lyckad implementering viktigt för att skydda det finansiella systemet och konsumenterna. Medan det utifrån bankernas egna perspektiv är viktigt, dels ur ett kostnadsperspektiv och dels för att bibehålla nöjda kunder samt rätten att bedriva bankverksamhet. Trots fördelen med en lyckad implementering är tidigare forskning på området begränsad. Studiens syfte är därför att förklara hur banker implementerar nya regelverk. För att uppfylla studiens syfte har ett kvalitativt tillvägagångsätt tillämpats. I undersökningen har två fallstudier genomförts där empiri samlats genom åtta semistrukturerade intervjuer. Respondenterna bestod av bankanställda som varit högt uppsatta i implementeringen av MiFID II och MiFIR. Empirin har sedan analyserats med hjälp av den teoretiska referensramen. Utifrån analysen har sedan en modell för hur banker implementerar regelverk skapats. Studiens slutsats är att bankers implementering av regelverk påverkas av samarbete mellan banker via branschorganisationer, bankernas målsättning, företagskulturen, regelverkets komplexitet och till viss del av organisationsstrukturen. Implementering kan delas upp i tolkning och införande där en stor del handlar om att översätta regelverket och integrera det i affärsverksamheten. För att sedan få anställda att tillämpa regelverket används olika former av styrmekanismer, så som utbildning, information och uppföljning.
APA, Harvard, Vancouver, ISO, and other styles
6

Persson, Ronja, and Anders Lassis. "MiFID II : Rådgivarnas syn på implementeringen och dess konsekvenser." Thesis, Karlstads universitet, Handelshögskolan (from 2013), 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:kau:diva-68888.

Full text
Abstract:
Värdepappersmarknaden är en marknad under ständig utveckling. Den historiska utvecklingen som skett har skapat incitament för ett utökat regelverk för att stärka kundskyddet. På marknaden återfinns en rad olika aktörer som erbjuder rådgivning till privatpersoner, detta för att hjälpa kunderna investera på denna komplicerade marknad. För att stärka kundskyddet har Europeiska Unionen [EU] släppt ett direktiv vid namn MiFID II som verkar för att öka transparensen mellan rådgivare och kund och därmed ge kunden en ökad förståelse för olika investeringsalternativ. Medlemsländerna i EU hade fram till den 3 januari 2018 på sig att implementera direktivet i sin lagstiftning. Syftet med uppsatsen är därför att undersöka vilka effekter rådgivare tror att implementeringen av MiFID II har inneburit för konsumenter på värdepappersmarknaden. Syftet är även att öka förståelsen för hur MiFID II bidrar till transparens samt hur rådgivares dagliga arbete påverkas.  Vidare så har nio stycken semistrukturerade intervjuer genomförts för att uppnå studiens syfte. Studiens resultat påvisar att implementeringen av MiFID II har haft en positiv effekt för kunderna på marknaden. Den ökade transparensen har enligt respondenterna i studien resulterat i en ökad förståelse för de investeringar som kunderna genomför och har därmed minskat informationsasymmetrin på marknaden. Studien visar även att implementeringen hos de övriga aktörerna på marknaden har gått smidigare än hos de banker som deltagit i studien, detta då dessa redan innan implementeringen arbetat i linje med de nya reglerna. Implementeringen har dock inte påverkat längden på möten nämnvärt även om direktivet resulterat i en ökad tidsåtgång för rådgivare. Den ökade tidsåtgången tror respondenterna kan ha en negativ effekt för småsparare då en ökad arbetsbörda leder till att kostnaderna ökar. Studiens resultat tyder på att det i framtiden inte lönar sig för småsparare att besöka en rådgivare utan att de istället får förlita sig på andra alternativ som robotrådgivning.
The securities market is under constant change. And the historical changes have created an incentive for an extended regulation in order to strengthen the customer protection. The securities market holds a number of different actors providing consulting service to individuals in order to help customers invest on this complicated market. In order to strengthen the customer protection and understanding, the European Union [EU] has released a directive called MiFID II that aims to increase the transparency between advisors and consumers. The deadline for the member states to implement the directive was January third 2018. The purpose of this study is to examine what effects the advisors believes the implementation of MiFID II have meant to the customers on the securities market. The intention is also to enhance the understanding of how MiFID II contributes to transparency as well as how it has affected the daily work of the advisors. Nine semi-structured interviews have been conducted in order to attain the purpose of the study. The study shows that the implementation of MiFID II has had a positive impact on the customers. The increased transparency has according to the respondents led to an increased understanding within the securities market, which has led to a decreased information asymmetry. The study also shows that the implementation was easier to accomplice for the other actors than for the banks. The other actors already worked in line with the new standards. The implementation has despite this not led to an increased duration of the meetings even though it has led to an additional workload for the advisors. The respondents find that the increased workload will lead to higher costs. The respondents believe that the increased workload have a negative effect for smaller savers. The results indicate that small savers will have to depend on other alternatives such as robot advisors in the future.
APA, Harvard, Vancouver, ISO, and other styles
7

Hermansson, Robin, and Simon Lindell. "Införandet av MiFID II : En förändrad framtid för finansinstituten?" Thesis, Högskolan Kristianstad, Fakulteten för ekonomi, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:hkr:diva-18238.

Full text
Abstract:
Financial advisors has a responsibility to cater customers needs, but are at the same time controlled through corporate governance to benefit their employer, which has caused troubles regarding opportunism. MiFID II intends to regulate opportunism through more documentation and regulations on commission. The purpose of this study is therefore to investigate how governance within financial institutes is affected by regulations implemented through MiFID II. Since there is a lack of theories and research within the field, the study uses an explorative approach. To achieve the purpose of the study a qualitative research method was used, where data was collected through interviews with eight respondents from different financial institutes. Furthermore, how corporate governance was affected by MiFID II was examined by using theories on knowledge asymmetry, agent theory, management control systems and reward systems. The results of the study indicate that the opportunistic management has declined due to the removal of monetary rewards and salestargets, which entails more focus on customer satisfaction. The results also show that regulations on commission has caused changes in payment methods, which isn’t necessarily a positive aspect for customers. The conclusions of the study show that the financial institutes has replaced management by objectives with action controls containing less liberty and more standardization, which reduces opportunism. However, the increasing knowledge asymmetry is problematic since it prevents opportunistic management from being completely removed. Another vital consequence of the increased documentation through MiFID II is fewer counselling meetings, which causes several institutes to shift focus towards wealthier customers.
Finansiella rådgivare ansvarar för att tillgodose konsumenters intressen samtidigt som de utsätts för styrning som ska gagna arbetsgivarens intressen, vilket inneburit problematik kring opportunism. Regelverket MiFID II avser att reglera opportunismen genom informations- och dokumentationskrav samt provisionsregleringar. Syftet med studien är således att undersöka hur finansinstitutens bolagsstyrning påverkas av regleringarna. Eftersom att det i nuläget saknas tillräckligt utförlig forskning och teorier kring forskningsområdet är studien av explorativ art. För att uppnå studiens syfte har en kvalitativ forskningsmetod använts där empirin samlats in genom intervjuer med åtta respondenter från olika finansinstitut. MiFID II:s påverkan på bolagsstyrning har undersökts med stöd från teori om kunskapsasymmetri, agentteori, styrsystem samt belöningssystem. Studiens resultat visar att opportunistisk styrning minskat genom borttagandet av monetära belöningssystem och att försäljningsmål alltmer reducerats inom finansinstituten, vilket medfört större fokus på kundnöjdhet. Resultatet visar även att provisionsregleringarna inneburit uppkomst av andra betalningsmetoder för en mer opartisk rådgivning, vilket inte nödvändigtvis är positivt för konsumenterna. Slutsatserna från studien är att MiFID II inneburit ett skifte från målstyrda finansinstitut till alltmer handlingsstyrda organisationer med minskad frihet och högre grad av standardisering i rådgivningen, med mindre möjlighet till opportunism som konsekvens. Den ökande kunskapsasymmetrin är dock problematisk då den förhindrar möjligheterna till att opportunistisk styrning upphör. En vital konsekvens av MiFID II:s ökade dokumentationskrav är även ett minskat antal möjliga rådgivningstillfällen, vilket av lönsamhetsskäl resulterat i en positionering mot mer förmögna kunder för flertalet finansinstitut.
APA, Harvard, Vancouver, ISO, and other styles
8

Frisk, Ebba, and Ellinor Karlbom. "Marknaden för aktieanalyser : I en post MiFid värld." Thesis, Linköpings universitet, Företagsekonomi, 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-158010.

Full text
Abstract:
Background: In January 2018 the new MiFid II directive entered into force in Sweden through the Swedish Securities Market Act (2007: 528). The purpose of the directive is to increase transparency towards investors on the financial market. This has led to major changes for those operating in the market, where among other things, asset managers now have to separate costs for analysis and execution. There has thus been a change in the payment model regarding the distribution of equity research. Purpose: The purpose of this study is to examine and obtain in-depth knowledge about how assets managers experiencing the changes in the payment model that has occurred as a consequence of MiFid II. Completion: This qualitative study has been conducted using five semi-structured interviews. The respondents comprised four asset managers and one producer of commission research. The material from the interviews has been processed and analysed using a thematic coding to identify the respondents' view of the changed payment model. Conclusion: The result of this study shows that the consequences of MiFid II and the changed payment model differ depending on the size of the investment company. All managers report that they have reduced the number of counterparties that provide analysis information. On the other hand, it emerges from the result that the large investment firms have reduced the costs of analysis, while the smaller companies have increased their costs as a consequence of MiFid II.
Bakgrund: I januari 2018 trädde det nya direktivet MiFid II i kraft i Sverige genom Lagen (2007:528) om Värdepappersmarknaden. Syftet med direktivet är att öka transparensen gentemot investerare på den finansiella marknaden. Detta har inneburit stora förändringar för de aktörer som verkar på dessa marknader där bland annat kapitalförvaltare numera måste separera kostnader för analys respektive exekvering. Det har således skett en förändring i betalningsmodellen gällande distribuering av aktieanalyser. Syfte: Syftet med denna studie är att undersöka och erhålla fördjupad kunskap i hur kapitalförvaltare resonerar kring den förändrade betalningsmodellen som uppstått som en konsekvens av MiFid II. Genomförande: Denna kvalitativa studie har genomförts med hjälp av fem stycken semistrukturerade intervjuer. Respondenterna bestod av fyra stycken kapitalförvaltare samt en producent av betalanalyser. Materialet från intervjuerna har bearbetats och analyserats med hjälp av en tematisk kodning för att identifiera respondenternas syn på den förändrade betalningsmodellen. Slutsats: Resultatet av denna studie visar att konsekvenserna av MiFid II och den förändrade betalningsmodellen skiljer sig åt beroende på storleken av fondbolaget. Samtliga förvaltare berättar att de dragit ned på antalet motparter som tillhandahåller analysinformation. Däremot framkommer det av resultatet att de stora förvaltarfirmorna dragit ned på analyskostnaderna samtidigt som de mindre firmorna fått ökade kostnader som en konsekvens av MiFid II.
APA, Harvard, Vancouver, ISO, and other styles
9

Mansen, Jana [Verfasser]. "Die neuen Anlageberatungsregelungen der MiFID II. : Eine Untersuchung ausgewählter Verhaltens- und Organisationspflichten der MiFID II und ihrer Umsetzung in das nationale Recht. / Jana Mansen." Berlin : Duncker & Humblot, 2018. http://d-nb.info/1238443435/34.

Full text
APA, Harvard, Vancouver, ISO, and other styles
10

Sihlén, Kajsa. "Informationsdelgivningsreglerna i MiFID II : Uppnår informationsdelgivningsreglerna behovet om ökat inesterarskydd?" Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Rättsvetenskap, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-19259.

Full text
Abstract:
The securities market was to undergo a major change with the entry of MiFID I in November 2007. EU´s establishment if the directive sets high standards for investment firms to establish internal guidelines in accordance with MiFID I. As right now, the securities market is facing further change with the proposal for MiFID II. MiFID II seeks to overcome MiFID I´s shown deficiencies. The greatest need for change are the rules that secure investor protection, with specific focus on regulation on information service from investment firms to customers. This essay deals with the rules on information service enacted in MiFID I compared to the changes presented in MiFID II to investigate whether the changes could strengthen investor protection as desired. MiFID II is a more detailed framework than its precursor. The information service regulation shall increase investor protection and enable secure trading with financial instruments.
APA, Harvard, Vancouver, ISO, and other styles
More sources

Books on the topic "MiFID II"

1

Comana, Mario, Daniele Previtali, and Luca Bellardini. The MiFID II Framework. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-12504-2.

Full text
APA, Harvard, Vancouver, ISO, and other styles
2

Herbst, Jonathan, and Simon Lovegrove. A practitioner's guide to MiFID II. 2nd ed. London: Sweet & Maxwell/Thomson Reuters, 2015.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
3

Pfisterer, Pascal. Die neuen Regelungen der MiFID II zum Anlegerschutz. Wiesbaden: Springer Fachmedien Wiesbaden, 2016. http://dx.doi.org/10.1007/978-3-658-11657-6.

Full text
APA, Harvard, Vancouver, ISO, and other styles
4

COLLECTIF. MIFID II & MIFIR: CAPITA SELECTA. ANTHEMIS, 2018.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
5

Schrewe, Stefan. Systematische Internalisierung in Nichteigenkapitalinstrumenten Nach Mifid II/MiFIR. Lang GmbH, Internationaler Verlag der Wissenschaften, Peter, 2019.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
6

Schrewe, Stefan. Die Systematische Internalisierung in Nichteigenkapitalinstrumenten Nach MiFID II/MiFIR. Lang GmbH, Internationaler Verlag der Wissenschaften, Peter, 2019.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
7

Autores, Vários. Regulation of the EU Financial Markets: MiFID II & MiFIR. OUP Oxford, 2017.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
8

Schrewe, Stefan. Die Systematische Internalisierung in Nichteigenkapitalinstrumenten Nach MiFID II/MiFIR. Lang GmbH, Internationaler Verlag der Wissenschaften, Peter, 2019.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
9

Schrewe, Stefan. Die Systematische Internalisierung in Nichteigenkapitalinstrumenten Nach MiFID II/MiFIR. Lang GmbH, Internationaler Verlag der Wissenschaften, Peter, 2019.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
10

Danny, Busch. Part II Investment Firms and Investment Services, 9 Agency and Principal Dealing under MiFID I and MiFID II. Oxford University Press, 2017. http://dx.doi.org/10.1093/law/9780198767671.003.0009.

Full text
Abstract:
This chapter examines whether allowing the extent of the protection afforded to an investor under MiFID to be largely dependent on the distinction between dealing on own account on the one hand and trading on behalf of the client (and other forms of investment service) on the other is justified. The author submits that it is not. The distinction between dealing on own account and trading on behalf of the client is tenuous, arbitrary and easy to manipulate. According to the author, MiFID II provides no practicable criterion either, and resorts to the artifice of reclassifying certain types of dealing on own account as acting on behalf of the client. Finally, both the UK Government and the Dutch Supreme Court take the view that duties of care must also apply where an investment firm acts solely as an investor’s contractual counterparty.
APA, Harvard, Vancouver, ISO, and other styles
More sources

Book chapters on the topic "MiFID II"

1

Hobisch, Manuel. "MiFID II und MiFIR." In Meldewesen für Finanzinstitute, 447–70. Wiesbaden: Springer Fachmedien Wiesbaden, 2022. http://dx.doi.org/10.1007/978-3-658-34887-8_18.

Full text
APA, Harvard, Vancouver, ISO, and other styles
2

Hobisch, Manuel. "MiFID II." In Meldewesen für Finanzinstitute, 283–304. Wiesbaden: Springer Fachmedien Wiesbaden, 2016. http://dx.doi.org/10.1007/978-3-658-14616-0_13.

Full text
APA, Harvard, Vancouver, ISO, and other styles
3

Comana, Mario, Daniele Previtali, and Luca Bellardini. "Introduction." In The MiFID II Framework, 1–5. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-12504-2_1.

Full text
APA, Harvard, Vancouver, ISO, and other styles
4

Comana, Mario, Daniele Previtali, and Luca Bellardini. "Why the Package? Financial Markets Before and After the Crisis." In The MiFID II Framework, 7–45. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-12504-2_2.

Full text
APA, Harvard, Vancouver, ISO, and other styles
5

Comana, Mario, Daniele Previtali, and Luca Bellardini. "Relevant Changes from MiFID I." In The MiFID II Framework, 47–83. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-12504-2_3.

Full text
APA, Harvard, Vancouver, ISO, and other styles
6

Comana, Mario, Daniele Previtali, and Luca Bellardini. "How Exchanges Work: Trading Venues, Algorithmic and High-Frequency Transactions." In The MiFID II Framework, 85–112. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-12504-2_4.

Full text
APA, Harvard, Vancouver, ISO, and other styles
7

Comana, Mario, Daniele Previtali, and Luca Bellardini. "Market Infrastructure and Transparency Obligations." In The MiFID II Framework, 113–40. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-12504-2_5.

Full text
APA, Harvard, Vancouver, ISO, and other styles
8

Comana, Mario, Daniele Previtali, and Luca Bellardini. "Investor Protection." In The MiFID II Framework, 141–59. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-12504-2_6.

Full text
APA, Harvard, Vancouver, ISO, and other styles
9

Comana, Mario, Daniele Previtali, and Luca Bellardini. "Transposing the Package: A Cross-Country View." In The MiFID II Framework, 161–201. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-12504-2_7.

Full text
APA, Harvard, Vancouver, ISO, and other styles
10

Comana, Mario, Daniele Previtali, and Luca Bellardini. "Regulation Meets Business: The Effects on the Investment Industry." In The MiFID II Framework, 203–28. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-12504-2_8.

Full text
APA, Harvard, Vancouver, ISO, and other styles

Conference papers on the topic "MiFID II"

1

Grosu, Florin, Florin Cioaca, Anatol Oprea, and Ion Ungureanu. "SERIOUS GAMES DESIGN FOR CONTEXTUAL LEARNING IN COMPLIANCE." In eLSE 2021. ADL Romania, 2021. http://dx.doi.org/10.12753/2066-026x-21-052.

Full text
Abstract:
This research paper examines the use of contextual learning in designing serious games for compliance learning. We examine the challenges of implementing learning programs in compliance learning in financial services. The population of this research consisted of 4000 bankers in 5 banks in Romania required to complete a continuous learning program in MiFID II. The population was split in two groups, with a similar structure and size (age, level of experience). The experimental group (2000 bankers) was required to complete a learning program in MiFID II that was built using gamification and serious games based on the roles of the bankers in the group, as well as the BrainHex player archetypes. The control group was required to complete the same learning program, but without any gamification elements. Both programs have been delivered using the same LMS and the elements of the learning programs, including the games, have been individually tagged and monitored automatically by the learning software. The results of the experiment reveal that: (1) 78% of the users completed the requirements of the mandatory learning program in the experimental group and 49% in the control group, a 59% increase indicating that the contextual learning approach using role based serious games significantly increases the learning progress, (2) the users in the experimental group have, on average, 92% more time spent in the platform than the 15 hours required by the regulators and 50% of that time is spent playing games. The results clearly indicate that by suing role-based serious games an organization can not only engage their staff to be compliant but also achieve the expected behavioural change.
APA, Harvard, Vancouver, ISO, and other styles
2

Cartei, Giulia. "The impacts of MiFID II product governance requirements on financial intermediaries and a Blockchain solution to face POG requirements." In New challenges in corporate governance: Theory and practice. Virtus Interpress, 2019. http://dx.doi.org/10.22495/ncpr_41.

Full text
APA, Harvard, Vancouver, ISO, and other styles
You might also be interested in the extended bibliographies on the topic 'MiFID II' for particular source types:
Journal articles Dissertations / Theses Books
We offer discounts on all premium plans for authors whose works are included in thematic literature selections. Contact us to get a unique promo code!

To the bibliography