So, the much-anticipated trilogue meeting finally took place yesterday. With negotiators for Parliament and the Council of Ministers under heavy pressure to resolve issues and avoid a threatened return to the drawing board, ECON's press release, published late last night, announced that informal agreement has been reached on MiFID II/MiFIR. Hurrah! Too early for champagne corks perhaps, but a monumental milestone nonetheless. Now, finally, the industry can start to move to the next phase of drafting and agreeing the technical details. Looking forward to it.