Expert: Sell Side Leads in Mifid Readiness
Tier-one and tier-two institutions from the wholesale banking sector are generally ready for Mifid, while there are still challenges for the universal banks that run private and retail business, says Anthony Kirby, author of the white paper and chair of the Best Execution Subject Group. Those who are ready are typically multi-center banks that do business with more than 20 European locations, he adds.
The white paper's findings are based on four surveys conducted between June 2006 and June 2007
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