Mifid II: industry calls on Esma to improve FIRDS data quality

Esma's central reference database is integral to Mifid II's drive towards transparency, but according to transaction reporting heads and trading venue regulatory specialists it's full of mistakes and gaps. With little progress made on correcting those mistakes so far, firms fear a backlog of old reports will need to be re-evaluated in future. While derivatives are causing the most confusion, bonds are also suffering at the hands of Mifid II's transparency obligations

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