Resumen de Europe: : Third time lucky?

• The article discusses outlook for the Markets in Financial Instruments Directive (Mifid II) reform package approved on January 14, 2014 for implementation in the European Union (EU) region. Topics explored include the focus of Mifid II on the over-the-counter (OTC) derivatives markets, the statement issued by EU internal commissioner Michel Barnier regarding restoring investor confidence through Mifid II, and the potential implications of Mifid II for the EU financial markets.