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Christmas Plans Face Ruin for Finance Industry as MiFID II Looms 

October 23, 2017

Bloomberg, Stefania Spezzati & Sarah Ponczek

"The head of currency trading at Deutsche Asset Management AG warns it could ruin some people’s Christmas. Lawyer Neil Robson says he’s working as many as 16 hours a day to help get clients up to speed.

They’re talking about MiFID II, the overhaul of financial-services rules in the European Union that comes into effect in January and seeks to impose transparency by removing conflicts of interest in financial markets. It’s also resulting in late nights for workers and consultants as firms rush to be ready for the biggest change in a decade to regulation in the region."

 
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