Mifid III — yes, you read that correctly. A term guaranteed to send shivers down the spines of all those at European financial institutions now racing to get ready for the introduction of the second iteration of Europe’s Markets in Financial Instruments Directive in just 70 days.
Kay Swinburne, the Welsh Conservative member of the European Parliament, has brought up the topic less than 10 minutes into our conversation. In fact, she confessed, she sees Mifid III “around the corner”.
