Is the Sky Really About to Fall?

Despite the various conferences, newspaper articles, and 'MiFID for Dummies' breakfast meetings, one theme has dominated the general chitchat about the EU Directive these past few weeks. Is MiFID really that big a deal?

Really? MiFID has been described in various mediums as "far reaching" and "poised to bring fundamental change" to the European markets. One senior manager at a data management vendor went so far as to call it "a tsunami" whose impact across the region will be devastating.