[ B U Y- S I D E
Rumours of a European regulato-
ry overhaul shortly followed as the
UK began its exit negotiations with
the European Union. Jeff Sprech-
er, chief executive officer at the
Intercontinental Exchange, stated
European regulation could see a
re-evaluation post-Brexit as the
region follows trends in the US.
The UK’s decision to leave the
European Union in June last year
also raised questions about wheth-
er EU-wide regulations would still
apply to the UK. Since the referen-
dum, the FCA and other authori-
ties across Europe have urged firms
to continue working towards the
January 2018 MiFID II deadline.
“When you compare regulation
in the US and Europe, it would be
a clear, competitive disadvantage
I N T E R V I E W
for European banks to implement
to MIFID II in its current form,”
Becker says.
Despite a lot of political and
regulatory uncertainty currently
clouding global markets, Becker is
positive about the future of trading.
“I strive to maintain the level of
trading I have built up over the last
few years. During my time at Alli-
anz Global Investors, I have per-
formed well and if I can continue
this, then I will be happy,” he says.
|
S A S C H A
B E C K E R ]
“Unfortunately,
today many
people are doing
this job just for
the prestige.”
Issue 51
TheTradeNews.com
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