A prominent politician who helped craft Europe's new trading laws has raised concerns that rules to make bond markets more transparent are falling short — just months after coming into force. European Parliament member Markus Ferber has warned of the "worryingly low" number of bonds currently subject to real-time reporting requirements under the EU's revised Markets in Financial Instruments Directive. Mifid...
European Parliament member Markus Ferber has said " something is seriously wrong " with the low number of traders publishing live data on liquid ##ity following the implementation of bond II . The European Securities and Markets Authority ( ESMA ) reported just 220 of 71,000 bonds were deemed liquid enough to require live reporting during Q1 2018 , and cited the low quality of data received from bond markets . However , Ferber , who co - authored the bond II requirements , said it was down to ESMA to do what was necessary to gather the required data .