Financial services firms need to start planning now for the April 2007 introduction of the Markets in Financial Instruments Directive (MiFID) if they are to meet compliance deadlines. BearingPoint assesses the opportunities and threats.
The authors suggest that with diligent planning, firms can allocate some of their MiFID programmes to parallel projects and 'business as usual' during 2006. However, the document also stresses that firms impacted by the regulations will need a number of MiFID-specific projects in order to respond to both the business and the technology challenges.
The BearingPoint report spells out the implications of MiFID, its key themes, what firms need to do and why they should start planning and mobilising immediately.
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