Newsletter November 08: EU regulator calls MiFID a success as review launched

LONDON – One year after the sweeping new financial law known as the Markets in Financial Instruments Directive (MiFID) took effect in Europe, the top EU regulator responsible for it has declared the outcome to be “largely a success.” Markets have become more competitive and service providers are able to move around Europe more easily, Charlie McCreevy, the European Commissioner for internal markets told a financial audience in London in early October.