FIA EPTA contacted the Executive Board of BaFin to register our concern regarding the safeguarding of market liquidity and orderly price formation on German and European exchanges. The global COVID-19 pandemic is causing significant market stress. We welcome the very useful clarifications which BaFin made available over the past week which helped to ensure certainty to market participants. However, looking forward, we would caution BaFin and other public authorities in Europe against applying policy measures that risk introducing even greater stress into the system.
