EU Sets Landmark Deal To Strengthen Financial Transactions

European Union lawmakers clinched a deal that overhauls the bloc’s financial-market rulebook in a bid to toughen requirements and remedy deficiencies laid bare in the 2008 financial crisis.

The bill includes curbs on high-frequency trading and commodity-derivative speculation, as well as measures to push more activity onto regulated platforms. The accord follows more than two years of work on the plans since they were presented by Michel Barnier, the EU’s financial services chief.

“These new rules will improve the way capital markets function to the benefit of the real economy,” Barnier said in an e-mailed statement. “They are a key step towards establishing a safer, more open and more responsible financial system and restoring investor confidence.”


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu