ESMA finds best execution improvements

A report from ESMA on the standard of regulatory supervision of best execution requirements under MiFID shows national regulators have improved the level of attention they pay to compliance with best execution requirements. The report covers only the 15 EU regulators identified in a previous peer report as needing to make improvements.  ESMA says many had done so, but some had made little progress. The report includes a chart showing how the various authorities have progressed against the deficiencies noted in the 2015 report. Among those that have progressed least is Sweden, whose regulator says this is in part because it has identified more pressing matters for regulatory attention.

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