Mifid think-tank tackles testing issues
LONDON – JWG-IT Group, a Markets in Financial Instruments Directive (Mifid) think-tank, is tackling testing issues surrounding Mifid, our sister publication Dealing with Technology has learned.
Testing of Mifid-compliant systems has been one of the most overlooked subjects in the past year. In September, members of the IT Subject Group of the Joint Working Group, an independent body focused on preparing for Mifid, and independent from JWG-IT Group, revealed that firms still needed to understand the rules before putting a strategy in place. At that time, firms would be able to start
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