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The tangle that's not fit for purpose

Comment: Mifid II's snail-like progress shows Europe's regulation system requires a reboot

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Click to enlarge Photo: FN Montage

Europe's system for creating new rules and regulations for finance is in urgent need of an reboot.

The fiasco surrounding changes to the region's flagship securities rulebook has left the EU lagging behind other regions and countries in implementing the reforms that were agreed globally after the financial crisis.

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