Survey finds lack of readiness for Mifid deadline

UK/European banks lagging on Mifid implementation

Almost a third of UK-based financial institutions and firms (27%) are not expected to meet the Markets in Financial Instruments Directive (Mifid) compliance deadline of November 2007, according to a report that HandySoft Global Corporation, a US-based enterprise solutions firm has highlighted. The figures are based on an estimation by peer companies. In Europe, the situation is more extreme, with some 60% of financial firms expected not to be compliant. The survey found that in the UK, just

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