FSA admits 'substantial cost' of MiFID

A new study from the Financial Services Authority (FSA) reveals the costs and benefits of implementing the Markets in Financial Instruments Directive (MiFID).

Hector Sants, FSA managing director for wholesale and institutional markets, says: "MiFID represents a substantial cost to the industry particularly in the upfront years, but it does create the potential for revenue opportunities over the longer term."

The most bearish scenario relates to the regulation having "limited effect" in driving

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here