New Mifid trade body established

The London Investment Banking Association (LIBA), the French Association of Investment Firms (AFEI), the Italian Association of Financial Intermediaries (ASSOSIM) and the Swedish Securities Dealers Association (SSDA), have created the European Forum of Securities Associations (EFSA) to better argue their members’ interests in European regulatory changes, such as the Markets in Financial Instruments Directive (Mifid).

Jonathan Taylor, director general of LIBA, said: “Our four associations have

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