MiFID II endangers energy and raw materials security

The revision of the Markets in Financial Instruments Directive II (MiFID II) planned by financial market regulators will have a far-reaching impact on the real economy.

The current state of the debate on MiFID remains unsatisfactory. From the point of view of industry, it is absolutely critical that the technical standards (Level 2) offered by the European Securities and Markets Authority (ESMA) do not negatively influence the financing and hedging options available to businesses. The BDI and numerous other German and European business associations have reminded policymakers that the European economy needs practical regulations.