The Terrible Twos

- WatersTechnology Staff
- 01 Dec 2009

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When Alexandre Lamfalussy's Committee of Wise Men were busy thinking up the Markets in Financial Instruments Directive (MiFID), it's probably fair to say that they were not anticipating a crisis of unprecedented scale to engulf the world's financial markets scant months after its implementation.

In the aftermath of Lehman Brothers' implosion and subsequent global meltdown, priorities shifted dramatically. Riding out the storm in one piece became a far more pressing concern than implementing a

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