MiFID's Cold Reception

Like navels, when it comes to opinions of MiFID, everyone has one. Investment and vendor firms are feverishly discussing the costs of compliance with the Markets in Financial Instruments Directive (MiFID), due to be implemented by April 2007. The prevailing attitude among European regulators appears to focus on the next level of discussions around the regulation before expressing opinions on it. "It is rather early to predict its impact before the regulation is finalized further," says the

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