Mifid IT group spins itself off

REGULATORY UPDATE

The new think tank, to be known as JWG-IT, will be led by Mifid pundit PJ Di Giammarino, who also led the IT subgroup. He is the director of JWG-IT. The work of the IT subgroup had become "too big", says Di Giammarino. "Bob Fuller and I talked to the rest of the JWG co-chairs and asked if they were ready to put the resources in the IT group. They couldn't." Di Giammarino then wanted to shift the work to consultants, researchers or analysts. "We received a resounding no," he says. Dresdner Kl

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