MiFID's New World Order
The conventional wisdom among market participants is that the Markets in Financial Instruments Directive will be the most important and sweeping financial markets legislation ever attempted across Europe. MiFID not only lays out a highly complex framework, but also specific prescriptions covering business processes from the front to back office on both the buy and sell side.
Since the legislation was rolled out, buy-side firms especially have embarked on a series of discrete projects to prepare
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