MiFID v EMIR: Difference between revisions

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{{a|regulation|}}The two major pieces of regulation covering the European investment banking and trading worlds are MiFID — the [[MiFID|Markets in Financial Instruments Directive]] and [[EMIR]] — the [[European Market Infrastructure Regulation]].
{{a|euregulation|}}The two major pieces of regulation covering the European investment banking and trading worlds are MiFID — the [[MiFID|Markets in Financial Instruments Directive]] and [[EMIR]] — the [[European Market Infrastructure Regulation]].


It is easy to get them confused, as they somehow impact on a lot of the same material: securities, transactions, swaps, stuff like that. The best way of thinking about them is that MiFID is regulates financial services, and the people who offer them to the public, to make sure they are behaving themselves and not taking advantage of the poor misguided souls who buy and sell financial services and products, while EMIR is designed to regulate and protect the financial system itself and therefore is focussed on setting standards and ensuring safety rails are in place to avoid the concentration of market risk in the system.  
It is easy to get them confused, as they somehow impact on a lot of the same material: securities, transactions, swaps, stuff like that. The best way of thinking about them is that MiFID is regulates financial services, and the people who offer them to the public, to make sure they are behaving themselves and not taking advantage of the poor misguided souls who buy and sell financial services and products, while EMIR is designed to regulate and protect the financial system itself and therefore is focussed on setting standards and ensuring safety rails are in place to avoid the concentration of market risk in the system.  
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So, at a super high level, what is the difference between MiFID and EMIR?
So, at a super high level, what is the difference between MiFID and EMIR?
 
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*[[EMIR]]
*[[MiFID]]
*[[AIFMD v UCITS]]
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|+ Comparison between EMIR and MiFID
|+ Comparison between EMIR and MiFID