Three quarters of financial institutions questioned about the European Union’s Markets in Financial Instruments Directive (MiFID) have not allocated any budget for its implementation, according to research carried out by Gissing Software, a supplier of software and services for real-time trading. MiFID – due to become law in 2007 – will be applicable to all businesses involved with trading in financial instruments, as well as businesses that deal in advisory services. The directive will enable banks to offer financial products across all 25 EU member states as well as Iceland, Norway and Liechtenstein. The survey – which canvassed opinion from global financial institutions including investment banks, market data vendors and investment houses – showed that while 71 per cent of respondents believe that MiFID will affect them, and more than half have appointed someone to manage the MiFID implementation, only 21 per cent have definitely allocated budget for the implementation.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more