Mea Culpa, Ye Maties!

I hold my hands up. I was wrong. The ink had barely dried on the last Meg column claiming that MiFID would be smooth sailing from now on, when the industry exploded in a flurry of editorial panic. The Financial Services Authority (FSA) in the UK and the Autorité des Marchés Financiers (AMF) in France are worried about best execution (aren't we all) and then the global banks started piling into Project Boat.

Please could anyone tell Meg why it is called Project Boat? Meg has 'Googled' it to

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