Rush to MiFID 'creating new threats'

The stark warning comes from a panel of security experts which says institutions need to pinpoint potential flaws in their security – or face the financial consequences. The panel of experts comprises security analyst Graham Titterington of Ovid, PJ Di Giammarino, CEO of financial services industry think tank JWG-IT, and Brookcourt’s Phil Higgins. They warn the cost of MiFID IT implementation in the UK alone, is set to top £1bn, with typical UK investment banks spending upwards of £10m each. “MiFID implementation is complex, involving the coordination of resources across many departments...