B ü rgenstock 2006: Regulators 'out of touch' on Mifid

“Some regulators may be so out of touch that the country will have a significant implementation problem,” said Jim Gollan, chief executive of London-based cross-border exchange virt-x.

And the problem could stretch beyond the borders of a host regulator's country. “Most European regulators have nothing about Mifid on their websites at all," said Jonathan Herbst, a partner at London law firm Norton Rose. "This is a very real legal and practical problem for cross-border operations.”

Some market

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