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

Working together to share data

TISA is launching a MiFID II digitilisation project to find a solution to help financial institutions update and share data under the new regulations 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 organisation'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 the target market, the European MiFID template, as well as costs and charges, has shown there nee...