It can be hard to generate a sense of urgency around the dry topic of securities regulation. It is doubly difficult when the implementation of new rules is delayed.
Recent comments from national regulators suggest that the deadline for firms to comply with the European Union’s Markets in Financial Instruments Directive (Mifid) might have to be put back to 2008. As Mifid recedes over the horizon again (there has already been one 12-month deadline extension), debt market practitioners need to remind themselves that Mifid is coming, and it matters to them as much as to the equity markets.
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