ICO hosts the International Capital Markets Association assembly for the Iberian region
A seminar on the latest developments in MiFID II was held at the end of the assembly
Instituto de Crédito Oficial (ICO) today hosted the assembly for Iberian region members of the International Capital Markets Association (ICMA).
The ICMA represents most of the institutions that operate on the capital markets, including global investment banks, regional banks, asset management companies, central banks, law firms and other professional advisers.
During the assembly, representatives from the Iberian region analysed the situation of the markets and discussed proposed actions. A seminar was held after the event, open to ICMA members' legal advisory departments, to discuss the latest developments in the MiFID II directive and their impact on the wholesale fixed income market.
The objective of MiFID II is to improve current legislation and ensure that the markets are safer and more efficient in order to provide more security for investors. All EU companies that perform investment operations or offer investment services to clients must be fully compliant with MiFID II by 2 January 2017.