The Gathering MiFID Storm

A new regulation from the European Union will transform market structure—and cost investment firms billions to comply. In the meantime, IT strategists are taking a leading role in lobbying European regulators.

Storm chasers pursue thunderstorms for the thrill. Witnessing a tornado firsthand is the Holy Grail for many of these adrenaline junkies. The 1996 film Twister showed the world the glamorous side of the hobby, with Helen Hunt bravely driving into a deadly storm in the name of love. But for the hardy IT director, driving into the latest thunderstorm to come out of the European Commission will have nothing to do with romance.

Just as the storm chaser aims to measure the impact of twisters for the

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