JWG: Buy-Side Firms At Risk of Missing MiFID II Deadline Eye Outsourced Data Management, Reporting
Data management solutions among most popular areas for outsourcing to comply with impending rules.
JWG analysts found that 90 percent of the firms they surveyed reported a medium or high risk of non-compliance by January 2018.
Data management solutions and record-keeping are requirements that some firms told JWG they plan to outsource, but the most-outsourced function is reporting, with 25 percent of firms planning to contract out this requirement. The survey found that most firms plan to keep research, trading and client management in-house. According to JWG, that may be because in areas
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