HOW A EUROPEAN REGULATION BOMB CALLED MIFID II IS CHANGING GLOBAL EQUITY RESEARCH AND INVESTOR RELATIONS WORLDWIDE Sometimes the prevailing winds can blow the opposite way
It’s normally accepted by science that the winds over the Atlantic Ocean generally travel west to east. University researchers from Canada and the U.S. tested this by launching virtual particles into the winds in North America and “tracing their journey for ten key days leading up to their arrival in Western Europe.” But sometimes even science goes awry. Case in point: after seven years in the development a 7,000-page book of financial trading and transparency rules went into effect on Jan. 3 of this year in the EU. That was the day that the regulatory winds began to blow from Europe to America.
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