‘Dream’ of Mifid harmony at risk, EU told

The most ambitious attempt yet to create a pan-European market for the investment industry is in danger of turning into a 'nightmare', amid signs that European Union Member States are departing from the original idea of a single rulebook for the entire economic bloc. The warning - by Charlie McCreevy, the EU Internal Market Commissioner - will add to widespread fears that a landmark EU law known as the markets in financial instruments directive (Mifid) might fall short of achieving its original ambitions.

European Commission: DG Internal Market and Services: Financial Services: Securities and Investment Funds: Investment services and regulated markets http://ec.europa.eu/internal_market/securities/isd/index_en.htm

---