Europe: Third time lucky?

Author: | Published: 24 Jan 2014

At long last, the Markets in Financial Instruments Directive reform package (Mifid II) has been announced. But the final accord, aimed at overhauling Europe's securities markets, has proved more than a little underwhelming.

Mifid II was approved 'in principle' at a meeting between the European Parliament, European Commission, and Council of the EU on January 14.

The rules are intended to address the market fragmentation caused by the original Mifid directive, shine...