MiFID rolls on despite industry gripes

BRUSSELS - The implementation of the Markets in Financial Instruments Directive (MiFID) rolls on, much to the chagrin of some financial services firms.

Concern about the amount of additional regulation MiFID will impose on firms is growing in the UK. Thomas Huertas, at the UK's Financial Services Authority, agreed that MiFID will bring some adjustments to the UK regulatory regime at a British Bankers Association event in mid-February. "MiFID will require us to make some changes in our light-touch wholesale regime here," he said. "Other member states typically have a less market-based approach to inter-professional dealing and require more