Looking for clarity
The European Union's Markets in Financial Instruments Directive is set for implementation in April 2007. But there's plenty of confusion as to what the new regulations will entail – particularly with regards to 'best execution'. By Hann Ho
With the April 2007 deadline for implementation of the European Union's Markets in Financial Instruments Directive (MiFID) looming, alarm bells have begun to ring in the investment banking world. Of particular interest for many financial institutions are the consequences of putting in place the principles of 'best execution'. The obligation to provide investors with the best available price and to
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