Compliance focus shifts from Basel II to Mifid, says Aim software

A survey by reference data specialist Aim software has revealed that the financial services industry's focus has shifted from complying with Basel II to Mifid. The survey looked particularly at the driving forces, challenges and planned investments for reference data automation and risk management. Companies surveyed are also focusing on reducing errors and costs associated with back-office workflows through improved STP. The survey was sponsored by Interactive Data.