MiFID threatens investment firm security

The group said MiFID implementation was complex, involving the coordination of resources across many departments in investment firms. However, only a tiny number of firms look like they are on track to hit the November 1 deadline, while the vast majority face a range of challenges over the coming months in their journey to compliance. Phil Higgins, executive partner at Brookcourt Solutions, said: “As firms get to grips with identifying and storing the vast amounts of information required by MiFID, they need to be mindful that it will expose existing flaws in their security, as well as i...