Newsletter: December 2010: Extensive new wave of regs for EU financial markets

BRUSSELS – A further extensive round of regulations in the EU’s financial markets is being proposed by the European Commission, including powers enabling it to ban particular investment services, products or activities, in some circumstances. The new regulations were proposed for public consultation in early December by the Commission, the EU’s executive, in a far-reaching review of the Markets in Financial Instruments Directive (MiFID), the cornerstone of financial regulation in the European bloc.