TISA to launch digital project to help firms cope with 'MiFID monster'

Launches Wednesday 22 November

Victoria McKeever
clock • 1 min read

TISA is to launch its MiFID II digitilisation project tomorrow to come up with a solution to help financial institutions update and share data under the new regulation in a consistent way.

"The Markets in Financial Instruments Directive (MiFID II) has been a monster - the MiFID monster as people have described it over the past year," said Tax Incentivised Savings Association (TISA) technical policy director Jeffrey Mushens at the body's conference. The body has so far produced four good practice guides on the incoming regulation and had four working groups over the past year developing good working practice, said Mushens. He said, however: "The work we have put into target market, the European MiFID template, as well as costs and charges, has shown there needs to be a b...

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