FSA slams MiFID
REGULATORY UPDATE
"It is deeply unsatisfactory that UK financial services firms face major changes, with the associated costs, for an initiative that has been subject to no comprehensive EU cost-benefit analysis to assess the specific contribution it might make to unlocking the prize of a more integrated European capital market," says McCarthy. "That kind of approach to policy-making cannot be sensible. We will do all we can, alongside a growing band of regulators who share our commitment to assessing costs and
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