Risk 's Derivatives and Risk Management Summit Europe 2006: Regulators ‘must clarify MiFID' to prevent unfair competitive advantages arising
Financial institutions across the European Union’s 25 member states must lobby their individual regulators to ensure that jurisdictional interpretation and implementation of the Markets in Financial Instruments Directive (MiFID) next year does not penalise firms operating in certain countries, speakers at Risk ’s Derivatives and Risk Management Summit Europe 2006 conference in Monte Carlo have warned.
Simon Morris, a partner at the law firm CMS Cameron McKenna, said that the UK Financial Services Authority’s (FSA
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