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Against Monopoly

defending the right to innovate

Monopoly corrupts. Absolute monopoly corrupts absolutely.

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EU Unifies its Financial Markets

The Economist has a nice story on changes in Europes financial markets (link here). In essence, the Markets in Financial Instruments Directive will create a single EU-wide trading place in stocks and other financial instruments. It requires the member states to harmonize their laws and allow qualified firms in one EU member state to compete in all the others. It will also promote greater transparency and allow the use of off-exchange trading. The deadline for the new individual-state enabling legislation is the new year, but it is doubtful whether all will make it.

Another step on the way to a more competitive world market in financial instruments

[Posted at 09/22/2006 07:04 AM by John Bennett on Against Monopoly comments(0)]

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