Financial services industry is unprepared, says KPMG survey

LONDON - Less than 50 percent of board members and senior managers surveyed at banks and financial firms have even reviewed MiFID, and the same amount do not understand the full implications of the EU directive, according to a recent study conducted by consultants KPMG and the Economist Intelligence Unit (EIU).

The survey also finds that only 29 percent of respondents believed their firms had assigned a project manager; and the vast majority said they had not yet assessed the strategic or IT

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