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Looking beyond the short-term upheaval and the emergency measures made necessary by the crisis, the AMF believes that an exhaustive global analysis must be carried out and solutions quickly found to address these problems, AMF Managing Director Hubert Reynier said in his introductory remarks.
Next to the financial crises management, the newsletter concentrates on the post-MiFID market organisation. The crisis and shortcomings in post-trade disclosures, particularly on OTC markets, call for urgent and specific corrective measures by European regulators, the paper concludes. Regulators also need to equip themselves to better meet the need for more extensive and co-ordinated supervision of transactions, by refining the TREM information exchange system and by working to ensure that the principle of market integrity is consistently applied to all European execution venues.