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FT Opening Quote – Debenhams sales decline, Fat Cat Thursday

Summary:
Still got the back-to-work blues? What’s wrong with you? It might only be January 4, but the City’s finest have already successfully implemented – or partly waived – 1.7m paragraphs of new Mifid II regulations, and earned as much as the average employee does all year, writes Matthew Vincent. And it’s almost the weekend again!Yes, rejoice, rejoice: the biggest regulatory shake-up of European markets in a decade passed without a glitch yesterday. Trading volumes in some markets dropped and the clearing industry was granted a last-minute reprieve from certain rules – but fears that markets would seize up under failing IT systems proved unfounded. Bankers and brokers had worked around the clock to be ready, apparently.And how the bosses have been rewarded for others’ work. According to the

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Still got the back-to-work blues? What’s wrong with you? It might only be January 4, but the...

Chris Nuttall
Award-winning journalist with more than 35 years' experience in newspapers, magazines, radio, TV and the internet at local, national and international levels. At the BBC for 17 years and has spent the past 15 with the Financial Times. Served as a foreign correspondent in Sri Lanka, Washington and Turkey as well as in a roving role for the BBC. Turned a late 1980s geeky interest into a professional focus on the internet and technology and was founding World Editor of the BBC News website and the BBC 's first Internet Correspondent.

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