MiFID 2 will make most of this talk about passporting a side show during the renegotiation. The EU FFT is a prime example of why finance in Frankfurt or Paris

MiFID 2 will make most of this talk about passporting a side show during the renegotiation. The EU FFT is a prime example of why finance in Frankfurt or Paris is unlikely to be in a position to compete with London, NY, Hong Kong, or Singapore. An indication of this will be on July 4, when LSE votes on the Deutsche Boerse merger.