A new regulation from the European Union will transform market structure—and cost investment firms billions to comply. In the meantime, IT strategists are taking a leading role in lobbying European regulators.
The connected problems of Basel II and MiFID compliance were the subject of a round table discussion group in London in mid-July
The EU's Markets in Financial Instruments Directive has been described as one of the most far-reaching overhauls of the financial industry ever. But with Basel II dominating the headlines, few firms have yet started to prepare in earnest for the 2007…
BRUSSELS - The implementation of the Markets in Financial Instruments Directive (MiFID) rolls on, much to the chagrin of some financial services firms.
The EU’s Markets in Financial Instruments Directive (MiFID) has appeared like a bolt from the blue for most op risk managers. Should they be scared? By Duncan Wood
The UK's Financial Services Authority (FSA) has officially announced that it is putting the implementation of 'SYSC 3A - Operational Risk', part of the 'Prudential Sourcebook', on ice.
The UK's Financial Services Authority announced at the September meeting of the Operational Risk Standing Group (ORSG) that it would be delaying, until further notice, the implementation of the Prudential Sourcebook text for 'systems and controls'.