Of myths and Mifid - BST explores the myths precipitated by the European Commission’s directive
True, the legislation will probably require you to take a fresh look at your IT systems and perhaps make some modifications. But research among vendors, clients and analysts has shown that for the buy side at least, complying with Markets in Financial Instruments Directive (Mifid) is generally more a question of reassessing business operations than it is of upgrading technology.
Kate Turner is head of risk and compliance at Newton Asset Management, a £35.6 billion London-based investment
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