So after months of rumour and speculation, it's official:
the beast that is Mifid [Markets in Financial Infrastructure
Directive] II is to be delayed. To the disappointment of some
but the glee of most, the European Commission formalised the
announcement in February.
It cited problems with drafting essential technical
standards, hitting back at inevitable criticism with the claim
that around 15 million financial instruments had to be
assessed. The technical standards themselves run to more than a
thousand pages and have...