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PSD2 Explained

How PSD2 will make banking more beneficial for you

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Isn’t it frustrating to see how something simple like your various bank statements are still separate per bank. Wouldn’t it be great to automatically import them into your favorite banking app? Well, Europe has you covered. With the new Payment Services Directive (Directive 2015/2366, 2015), usually shortened to PSD2.

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MIFID II Directive - Markets In Financial Instruments Directive

MiFID II explained: How EU is trying to protect its investors

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In this post, I’ll clarify MiFID (II) or Market in Financial Instruments Directive and Regulation (so not MiFID (II) Directive). I’ll answer the following questions:

  • What is MiFID II?
  • Why was MiFID II created?
  • Who is MiFID II for?
  • What impact does MiFID II have on (retail) investors?
MIFID II directive - Markets in Financial Instruments Directive
EU directive: MIFID II - Markets in Financial Instruments Directive

Acronyms, who doesn’t love ’em? From the United States with agencies such as FBI, CSI, NCIS, FCC, etc. To Europe with ESMA, OPCW, or NATO. In turn, institutions and organizations like to use them too for their rules.
It are these regulations that I’d like to clarify. Since there are quite a few that specifically impact investors/traders, I created this series.


“European Acronyms” is pretty straight-forward. I go over various terms that appear often in the news and media, and that also has an impact on us investors.

What does MiFID II mean in simple terms?

MiFID stands for Market in Financial Instruments Directive. It’s a set of rules that aims to increases transparency across the European Union’s financial market.

The first version of MiFID implemented new measures, such as pre- and post-trade transparency requirements, and created rules of conduct for the EU’s financial firms. The first version of MiFID was primarily focused on Over The Counter (OTC) transactions.

You might think that MiFID was created after the 2008 financial crisis, but it actually came into effect prior to that. The EU did make changes in light of the crisis.

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