Market Change
Over the past 20 years, the financial services industry has undergone great change, including deregulation, a host of technological innovations and the growing impact of globalization. In response, the regulatory framework has also changed.
At Citi we understand that market change presents challenges, but it also offers tremendous opportunities.
Citi was quick to recognize the impact of MiFID on the need for best execution and transparency, and was one of seven investment banks to co-launch Turquoise, a pan-European multi-lateral trading facility.
Through our unparalleled geographical footprint in Europe we remain close to market developments on a regional and national level enabling our clients to embrace this change and achieve greater stability, efficiencies and succeed in the globally integrated financial market.
Embracing Change - The Banker supplement
This Banker supplement was sponsored by Citi and considers the impact of regulation and why business models must evolve for firms to capitalize on the many business opportunities that are emerging.
| EU Financial Services Action Plan Within the EU, most of its ongoing regulatory work is based on implementing the Financial Services Action Plan (FSAP). The FSAP comprises 42 measures that have been designed to create one regime for all 27 members of the EU. It is a self-regulatory initiative designed to provide greater harmony between Europe's regulatory frameworks. To achieve this goal the EU has set a number of key building blocks in place. Key initiatives include:
|
