JWG-IT Sponsors Technology Special Interest Group (TechSIG) for MiFID

Posted on June 5th, 2008

In working with several leading Tier1 firms, JWG-IT has found that most believe that 80 percent of the processes which need to be changed for MiFID compliance are non¬competitive and that solutions can be most effectively generated through collaboration.

TechSig provides neutral safe platforms for like-minded firms, vendors and professional service firms to collaboratively develop practical IT infrastructure solutions to resolve MiFID compliance problems. It is based on the belief that MiFID, like most EU regulation, could be implemented quicker, cheaper and better through collaboration across the technology value chain. SIGs take a deeper dive than think-tank forums on specific issues with trusted technical experts from their membership to define implementable IT solutions.

We have together identified:

A comprehensive framework of over 1,000 requirements that need to change
What member banks are going to have to do, and their priorities
How this impacts reference architecture.

There is now the opportunity to participate in the special interest groups to:

Save time and money by applying collaborative insight to your specific needs
Jointly develop reference solutions which will inform and contribute to your own regulatory programmes
Be seen to represent the broader financial services community.

For more information and current members see: www.jwg-it.eu/TechSIG-Main

If you wish to join, please contact info@jwg-it.eu