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ESO, European Organisation for Astronomical Research in the Southern Hemisphere
Source: eso.org
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Mifid II in Austria: an example of unintended consequences
Mifid II was passed in response to the global financial crisis a decade ago, with the aim to improve the integrity and transparency of financial markets and strengthen investor protection. Mifid II marked the peak stage of regulatory density of European capital markets law, and its numerous legal requirements framed a constitution for financial markets of sorts, built on the basic principle of 'the greater the transparency, the greater the investor protection'. Initially, many of the directive's complex legal amendments were a challenge for both the development of appropriate technical system...
Source: iflr.com