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Letter to the Editor:

I felt moved to write you in response to your leader (MiFID Monitor, March 2006).

I think the point that you are making, understandable quietly, is that MiFID is in danger of not living up to its existence-threatening hype. I think you are right – and it is brave of you to say so, albeit carefully. Pity – it would be commercially advantageous to all of us to have to rebuild our industry model from scratch by November 2007 – but the truth is that we won’t.



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