Mifir legislative proposal clears way for EU consolidated tape

Creating a consolidated tape is an essential part of the European Commission’s bid for a capital markets union but the final proposal, though largely welcomed by markets, still raises doubts

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Two of the seven USD Libor maturities discontinued at the end of 2021, and the other five – overnight, one, three, six and 12 months – will follow in June 2023, we surveyed the market to gauge readiness