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Mark Hemsley, chief executive of Bats Chi-X Europe

"As we approach final negotiations on the structure of Mifid II, I believe that regulators and politicians should reconsider the implementation of a European consolidated tape, otherwise Mifid II will be a significant opportunity missed. The consolidated tape is core to a rigorous best-execution implementation, a foundation for cross-market surveillance, enables cross-market co-ordination of events such as volatility halts, while making available trading data of all listed European firms to investors at a cost-effective price."

Financial News asked senior industry executives where the regulators should next concentrate their efforts and why

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Views from the Top: regulatory joined-up thinking required

David Thomas

Brevan Howard’s Claire McCathie: ‘Achieving results commands respect’

Crypto hedge funds continue to rally as bitcoin approaches all-time high 

Citadel’s Drew Gillanders: ‘Our peers have a restrictive risk framework… we take a longer-term view’

Trading Places: Goldman’s ECM shake-up, Latham’s latest raid

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Find out who is on the move in the City and beyond this week

Sidley Austin raids Latham & Watkins for 10-lawyer team in London

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CDPQ hires Sharon White to lead push in Europe

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

By Brian Schwartz, Vivian Salama and Andrew Restuccia

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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