MiFID: the race to comply

Just when institutions thought they were getting to grips with Basel II and Sarbanes-Oxley, along comes the European Union's Markets in Financial Instruments Directive (MiFID), the implications of which appear to be more far-reaching in terms of infrastructure and systems requirements than any piece of regulation that has gone before it. As the meaning of MiFID begins to sink in, industry leaders are coming together to develop standards and best practice that will help institutions meet the