Albinus: Much ado about Mifid

Perhaps it is time for Markets in Financial Instruments Directive (Mifid) to take a bow and exit the stage. By Phil Albinus

For the past three years, European investment firms have been hearing the drum beat of Mifid, the vaunted and celebrated series of regulations that aim to provide transparency to all financial transactions inside the European market.

On paper it appears to be a noble move – greater transparency in an age that not only demands it, but should also be in a position to deli