MiFID II & Dodd-Frank
Trading regulations, transparency requirements, and derivatives markets under MiFID II and Dodd-Frank
MiFID II & Dodd-Frank
Introduction
The financial regulatory landscape underwent fundamental transformation in the wake of the 2008 global financial crisis. Two landmark legislative frameworks—the European Union's Markets in Financial Instruments Directive II (MiFID II) and the United States' Dodd-Frank Wall Street Reform and Consumer Protection Act—emerged as comprehensive responses to the systemic vulnerabilities exposed by the crisis. Together, these regulations have reshaped market structure, trading practices, and compliance requirements across the world's largest financial markets.
Understanding these regulatory frameworks is essential for anyone operating in modern financial markets. The requirements affect investment firms, trading venues, market participants, and service providers across the value chain. This manual provides comprehensive coverage of both MiFID II and Dodd-Frank, examining their objectives, key provisions, implementation challenges, and ongoing evolution.