ICMA Conference: The impact of MiFID II and related regulations on the Nordic secondary bonds and derivatives market

MiFID II, effective from January 2017, will together with a few other key regulations, define the future market for bonds and derivatives trading. MiFID II in particular introduces pre-trade transparency with firm executable prices distributed to a large number of clients and near real-time, post-trade disclosure of, among other things, price and size. This will, if not addressed, especially in combination with increasingly costly capital and funding requirements for market makers, pose a great threat to the liquidity and overall functioning of the Nordic marketplace. It is therefore of great importance for market participants to have a good understanding of these new regulatory requirements, their impact, and, most importantly, how to prepare for and contribute to a different, but still functioning Nordic marketplace also in the future!