EU BMR: larger impacts than Brexit for financial institutions?
What main challenges do BMR bring to financial institutions?
The last decade has seen a torrent of new financial regulations trying to improve markets’ stability and conduct mainly due to 2008 global financial crisis but not only. Among other factors that triggered this regulatory wave, you also need to mention few financial scandals, including the London Interbank Offered Rate (respectively LIBOR) rigging episodes that led to unprecedented penalties for banks and saw the creation of the EU BMR to address conflicts of interest involved. Find out more