Securities Industry and Financial Markets Association (SIFMA): Importance Of MiFID Underscored

Karsten Moller, Senior Managing Director and Head of The Securities Industry and Financial Markets Association (SIFMA) Europe and Asia, made the following statement today as the Markets in Financial Instruments Directive becomes law in Europe.

“We and our members are confident in the ability of MiFID to deliver on its important objectives of fostering a competitive and integrated market that adequately protects investors,” said Moller. “Clearly there will be teething problems with implementation. However, we will do all we can to make to make the legislation work and we will monitor its implementation.“