A new report by the JWG-IT Group reveals that financial services firms must urgently look into the problem of 'infrastructure gaps' if they are to successfully cope with the looming implementaion of the Markets in Financial Instruments Directive (MiFID). The number one 'gap' in terms of industry collaboration is in transaction reporting, followed by best execution policy and execution, then record keeping.
PJ Di Giammarino, chief executive of the JWG-IT Group and a MiFID zealot, tells IRD tha
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails