Gauging the MiFID effect

The Markets in Financial Services Directive, (MiFID) is the centerpiece of the European Union's Financial Services Action Plan (FSAP), the far reaching regulatory framework to enforce a competitive yet harmonized trading environment across the European Union and three EEA countries. Its impact and significance is currently the subject of a wide-ranging and lively debate.

The fact is that MiFID is going to happen and cannot be ignored, even though the deadline for compliance has been pos

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