MiFID Implementation in the midst of the crisis: Results of an ECMI Survey

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This report summarises the main results of a survey conducted by the European Capital Markets Institute (ECMI) during the period December 2009 - July 2010. The survey aims at investigating the actual implementation of the Markets in Financial Instruments Directive (MiFID), two years after it came into force. A general finding of this survey is that MiFID rules have had a positive impact, in particular through a greater competitive environment that promoted most of all cuts in trading fees and massive investment in technologies and infrastructures. The impact of the Directive, however, remains highly controversial in terms of data quality and implementation costs.

To download the survey itself, please follow the link Survey

Related publications

  • Report of the CEPS-ECMI task force 'MiFID Review: What is next for European capital markets?' available here: MiFID 2.0