Elton CaneIndependent - Brisbane
09 March 2007 | 2220 views | 0 | Recommends 0
At an event this week I heard an interesting opinion from the compliance head of German bank WestLB. His view was that in the German market, no-one saw any strategic benefits arising from MiFID - only cost and hard work. In fact, he said, with Germany's
fragmented financial industry, many would be overburdened by the cost of compliance and this c...