Around 84% of European firms have made adequate preparations
for markets in financial instruments directive (Mifid),
according to a survey conducted by technology providers SunGard
The survey of 230 people from twelve European countries
confirmed the commonly held belief that Mifid was likely to be
"the biggest change in the European financial services industry
for over a decade". However, according to the results, the
industry remained divided as to the positive impact of the
directive on Europe's economy. 24% of those questioned viewed
Mifid as bad for the economy with 38% seeing it as good and 38%
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