Word has it – from respectable sources – that Michel Barnier, the incoming Internal Markets Commissioner, thinks Stock Exchanges should be part of the national infrastructure. Hmm.
In some eyes, an exchange should assist with the creation of an orderly market.
You can certainly put a case for MiFID creating a disorderly market. Outgoing Commissioner Charlie McCreevy [...]

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A survey-based study presented this week by Deloitte in Paris has some interesting revelations about banks’ attitudes to MiFID, which the consultancy divided into two main categories: the pro-MiFID and the merely “MiFID-compliant”. You guessed it, the former are a lot more proactive than the latter.
But more interestingly, Deloitte found that it was retail, full-service [...]

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Heather McKenzie’s blog entry on April 10 underlines the need of corporates for adequate banking relationships. It reminded me of a column published at the end of 2007 by the French association of corporate treasurers,  AFTE, which poked fun at the apparent chaos the arrival of MiFID had caused in their banks’ customer relationship departments.
Indeed, French corporates [...]

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