PENALTIES for breaking rules on the kind of financial services that led to the economic crisis are as little as €100,000 in some countries, according to a study carried out in the EU.

MINISTER FOR FINANCE for Finance Brian Cowen yesterday welcomed the fact that Ireland is one of the first member states to fully transpose the Markets in Financial Instruments Directive, (MIFID).

DELOITTE launched its compliance and regulation team yesterday. The team will assist clients in managing their regulatory risks and help them achieve compliance.