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MiFID: a great leap forward

MiFID represents a great leap forward for customer protection and transparency. But how will MiFID specifically affect entrepreneurs? We asked two experts from Fortis to provide some answers about how entrepreneurs can expect to benefit from the new directive. Hans De Backer is General Manager for Commercial banking Belgium. Xavier Declève is Senior Executive Director Fortis Private Banking.

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Your comments and questions [3]

Luxe (3 interest)

@Ellen

Thanks for the feed back. Since I was better informed about Mifid than about Sepa and that the communication/publicity for Mifid has been stronger lately, I thought that my formulation of Sepa being the Mifid for non-investment products was more or less right. Thanks any way for the precise answer of yours.

Luxe  

 

10/30/2007 
Ellen (6 interest)

Hello,

I don't think cash and liquidities fall under SEPA. I read that only credit transfers, direct debits and credit and debit cards were concerned.

Ellen  

 

10/30/2007 
Luxe (3 interest)

Hello,

I've heard that now that Mifid just comes in action, the EU discovered another piece of legislation called SEPA. Is it roughly right ot consider Sepa the Mifid for cash and liquidities?

Luxe  

 

10/25/2007 
1  

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