Government warns Mifid review could hit industry

first_imgThursday 3 February 2011 7:30 pm THE BRITISH government rushed to defend the banking industry yesterday, saying a planned European Union reform of market trading rules must not harm competition.The European Commission has just ended a public consultation on changes to its markets in financial instruments directive (Mifid), a set of rules that have torn down barriers to cross-border trading in shares.“If we get the Mifid review right, we have the potential to build on this progress. But if we get it wrong we could set ourselves back a decade,” financial services minister Mark Hoban told an industry conference.However, the International Capital Market Association yesterday raised its concern over a “rushed” review process, which it said could result in costly unintended consequences.Senior adviser John Serocold said: “We have to go on working with policy makers to improve these proposals.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMoneyPailShe Was Famous, Now She Works In {State}MoneyPailLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBe20 Stunning Female AthletesBetterBeBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeHero WarsThis game will keep you up all night!Hero Warsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar Program Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof KCS-content whatsappcenter_img whatsapp Share Tags: NULL Government warns Mifid review could hit industry Show Comments ▼last_img

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