No rest before Mifid
The November 1 implementation deadline is upon us. But just how ready were Europe and its financial services firms for the Markets in Financial Instruments Directive ? Victoria Pennington uncovers the real story behind Mifid's progress
It might not be surprising to some to discover that most EU firms will not be fully compliant with the Markets in Financial Instruments Directive (Mifid) by the November 1 implementation deadline. Of course, many have said they would be, but their true state of readiness is likely to be much less than they profess. The main consensus from industry sources, Mifid experts and vendors is that most financial services firms, even some tier one banks, have been focusing on complying with the big Mifid
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