EU regulations need cost benefit analysis - consultant

Following a meeting of the Committee of European Securities Regulators yesterday in Paris, investment regulation consultant Oliver Lodge at Beachcroft Wansbroughs says the costs and flexibility associated with new EU regulations need to watched more carefully as – unlike the UK market – cost benefit analysis is not conducted, and could therefore cost much more to implement than its regulatory worth. Lodge refers, in particular, to proposals for the Markets in Financial Instruments Directive (MIFID) which are now being set out to replace the Investment Services Directive in 2006. In hi...