FSA publishes MiFID cost benefit analysis

The Financial Services Authority (FSA) has published a study into the costs and benefits of implementing the Markets in Financial Instruments Directive (MiFID). The report, written in conjunction with consultancy Europe Economics, outlines a range of scenarios to analyse MiFID’s benefits.

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

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