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Regions / Europe

Newsletter May 2006: MiFID will offer economic benefits to some firms

Staff | February 22, 2007

LONDON – The sweeping changes to EU financial markets being introduced by the controversial Markets in Financial Instruments Directive (MiFID) should bring economic benefits and fresh opportunities for securities firms in Britain, a top regulator said in mid-May. In upbeat remarks, Hector Sants, head of wholesale and institutional markets at the Financial Services Authority, Britain’s financial watchdog, said London firms were planning to exploit the new freedoms that MiFID would introduce.

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