CBI responds to European Commission proposals on MiFID
- Published on Friday, 21 October 2011 11:10
- Posted by Scott Buckler
The CBI today responded to the European Commission's proposals to revise the Markets in Financial Instruments Directive (MiFID)
Matthew Fell, CBI Director for Competitive Markets, said:
"Businesses of all sizes rely on the financial markets to raise finance and to manage their risks and balance sheets.
"It's important that new regulations provide businesses with the right level of protection and help maintain a well-functioning and efficient market. But they must not affect firms' ability to raise funds from the market or access the products and services that they need.
"Companies outside the financial sector will scrutinise these proposals over the coming weeks to fully understand their implications on the real economy. Legislators must take the views of all businesses on board to ensure these regulations improve how markets work for them and are not restrictive or disproportionate."