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MiFID Revolution or Delayed Execution. CEPS Commentaries, 26 August 2007

Lannoo, Karel. (2007) MiFID Revolution or Delayed Execution. CEPS Commentaries, 26 August 2007. [Policy Paper]

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    Abstract

    MiFID portends a true revolution in the European financial landscape for both exchanges and financial services firms. Inter alia, the EU legislation abolishes the monopoly position traditionally enjoyed by exchanges and introduces the concept of best execution for service providers. In his survey of the state of preparedness on the part of both member states and firms to implement the MiFID provisions, CEPS Chief Executive Karel Lannoo finds huge diversity. While acknowledging that these pose fundamental challenges for the actors involved, he warns that failure to adapt to the strategic implications of MiFID in the coming months may mean gradual extinction.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > regulations/regulatory policies
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 19 Nov 2009
    Page Range: p. 3
    Last Modified: 15 Feb 2011 18:15
    URI: http://aei.pitt.edu/id/eprint/11610

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