Editorial: There's nothing simple in selling Sicilian savings

It has led to the introduction of vast amounts of new regulation for the UK financial services sector and its advisers, and pushed up the cost of professional indemnity insurance, thanks in part to the Insurance Mediation Directive (IMD) - now the Markets in Financial Instruments Directive (MiFID)- and the Investment Services Directive (ISD). Having reached the end of a very painful journey of reform, it seems the European retail financial markets could, unfortunately, be in for yet another upheaval which authorities argue should simplify the regime. The EU’s green paper on retail fina...