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9th February 2006 - MiFID: Red Alert or Red Herring?
Linedata Services hosted a focussed and interactive seminar in February 2006 to discuss and assess the impact of MiFID. The question of "MiFID: Red Alert or Red Herring?" was posed at the seminar, which was led by panel of industry experts:
- Tom Phelps, Managing Director Consulting, Cutter Associates Europe Ltd
- Simon Leighton-Porter, Director of VSA Financial Limited and Co-Chair of the Standard Protocols Subject Group within the MiFID Joint Working Group (JWG)
- Andrew Allwright, Regulatory Commercial Strategy at Reuters
- Bob Fuller, IT Director, Strategy for Dresdner Kleinwort Wasserstein and Co-Chair of the MiFID JWG-IT
The panel highlighted and discussed key issues such as best execution, reporting and cross-border operations, all within the context of the Level 2 text. It was also agreed that there is still significant work to be done across the industry and across Europe to be ready for MiFID.
To conclude, the panel members urged the audience to consider MiFID as an issue facing the whole of their business, not just as an issue for IT or Compliance, with communication being the key to success. It was agreed by all attendees that MiFID is not a red herring!
Read the key findings
Read the full press release
Download the presentation
Download the speaker biographies