HM treasury's proposals for wholesale market reform
28 July 2021
On 1 July 2021, HM Treasury published a consultation paper for its Wholesale Markets Review. The areas considered by HM Treasury in the consultation overlap in certain aspects with those being considered by the EU authorities in their ongoing programme of reviews of the MiFID II framework, although in other areas, HM Treasury has indicated a willingness to move ahead of the EU proposals.
In this briefing, we look first at HM Treasury’s stated approach to reforms in the broad area of wholesale markets reform, before looking in detail at each set of proposals identified by HM Treasury.