The UK's House of Lords has urged the European Commission to call a halt to proposed changes to the Markets in Financial Instruments Directive (MiFID II), labelling the reforms as "ill-thought out" and potentially damaging to the City of London.
This is a very sensible call from the House of Lords. MiFID 1 was introduced with not much understanding of the consequences and therefore MiFID 2 was needed to deal with these. It would be sheer folley to now introduce MiFID 2 in haste and not be fully
aware of what the results might be. In these times FS has to be very careful not to damage the EU and changes brought be regulation that has not totally been verified to the consequences would be madness
Excellent salary with uncapped commissionMilton Keynes
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