Recital 15
Financial servicesLevel 1RegulationMiFIRIn forceOfficial source
It is necessary to introduce an appropriate level of trade transparency in markets for bonds, structured finance products and derivatives in order to help the valuation of products as well as the efficiency of price formation. Structured finance products should, in particular, include asset backed securities as defined in Article 2(5) of Commission Regulation (EC) No 809/2004, comprising among others collateralised debt obligations.