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NBIM Talk on new regulations

NEWS 17 November 2014

Friday November 14 we arranged a NBIM Talk on new regulations and consequences for market players.

PANEL DISCUSSION (From left): Marthe Skaar, Øyvind Schanke, Ashlin Kohler, Mark Hemsley and Sacha Anselm. Photo: Nils Aasheim/Norges Bank

This spring the European Parliament approved MiFID 2, an ambitious law, which aims to change how stocks and bonds, derivatives and commodities are traded, cleared and reported. The consequences are likely to be as broad and unpredictable as those of its predecessor are.

The new regime should be in place by 2017, and the big question we asked during this breakfast meeting was: What will be the consequences of this new regulatory regime for the different market players? We brought together three different market players that addressed the consequences for the market place, the stock market and the fixed income market.

Øyvind Schanke, CIO Asset Strategies, Norges Bank Investment Management held an introduction prior to the talks. Mark Hemsley, Chief Executive Officer at BATS Chi-X Europe discussed the consequences this new regulation will have for the market place. Sacha Anselm, Managing Director, Equity distribution COO in Morgan Stanley discussed the consequences for the equity market. Ashlin Kohler, Director, EMEA Fixed-income eCommerce, Citigroup addressed consequences for the fixed-income market.

The talks were followed by a panel discussion.

Øyvind Schanke. Photo: Nils Aasheim/Norges Bank

Mark Hemsley. Photo: Nils Aasheim/Norges Bank

Sacha Anselm. Photo: Nils Aasheim/Norges Bank

 Ashlin Kohler. Photo: Nils Aasheim/Norges Bank