Title: Mr.

Essay Details

Subject: Business
Author:
Date: May 13, 2017
Level: University
Grade: A
Length: 4 / 1080
No of views: 0
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Essay text:

MiFID's impact on the European Union (EU) will be significant as it will change the way businesses operate. When implemented, there are also going to be significant changes to the European regulatory framework. MiFID has introduced a lot of new rules and regulations to the market and will profoundly affect the market...

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There will be a lot of new opportunities that will arise out of the new system. MiFID is an important part of the European Union's Financial Services Action Plan (FSAP) as it is one of forty two measures of the FSAP. This new system is going to bring in a more competitive and innovative market as businesses or firms, particularly investment firms, will be permitted to go across boarders of Europe to do business within their home country regulations and this will result in stock exchanges competing with the banking industry to get a share of their businesses...

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