to help enterprise security across Europe
The resource centre for busy senior executives seeking the latest insights into IT Compliance & Privacy issues for major organizations
sarbaines oxley ofcom communications regulator
Latest Resources      data protection register
compliance resources privacy resource center

Breaking Global News
Global Compliance and Privacy News
- Breaking News, updated every 30 minutes
•   Compliance, Privacy and Security
•  Money Laundering
•  Phishing
•  Regulatory Issues
•  SOX, Basel 2, MiFID

You Tell Us:

We use SSL Technology for web data entry points:

What is SSL?

Are Smartphones Endangering Security? - Wick Hill
Dealing with Internet Security Threats - Ian Kilpatrick
How the New EU Rules on Data Export Affect Companies in and Outside the EU - Thomas Helbing
Farmers' Data Leak Highlights Old Technology Use - Wick Hill
Saving Money with SFTP - Wick Hill
UK Information Commissioner targets firm selling vetting data - Eversheds e80
12 Key Steps to Internet Security - Wick Hill
Telephone Monitoring Legality in the UK - Dechert
Firewall or UTM - Wick Hill
UK Information Commissioner demands mobile device encryption - Eversheds e80
Data loss - liability, reputation and mitigation of risk - Eversheds e80
Phorm, Webwise and OIX - BCS Security Forum
The challenges of PCI DSS compliance - Thales, Russell Fewing
"Quality" Data Vendor Spams us! Editor astounded!
National Gateway Security Survey 2008 - Wick Hill
Unified Threat Management - Watchguard Technologies

news archives
0 | 1 | 2 | 3 | 4 | 5 |
6 | 7 | 8 | 9 | 10 | 11 |
12 | 13
[What is this?]

Industry Blogs
Tim Berners Lee's Blog
Tim Callan's SSL Blog
Davis Wright Tremaine's Privacy & Security Law Blog
Emergent Chaos Blog
Michael Farnum's Blog
Phillip Hallam-Baker's Blog - The dotFuture Manifesto: Internet Crime, Web Services, Philosophy
Stuart King's Security and Risk Management Blog
David Lacey's IT Security Blog
Metasploit Official Blog
Jeff Pettorino's Security Convergence Blog
Jeff Richards's Demand Insights Blog
David Rowe's Risk ManagementBlog
Bruce Schneier's Security Blog
Larry Seltzer's Security Weblog
Mike Spinney's Private Communications Blog
Richard Steinnon's Threat Chaos Blog
The TechWeb Blog
Tim Trent's Marketing by Permission Blog
Rebecca Wong 's DP Thinker Blog

23 February Newsletter
Newsletter Archives are located in "News"

Industry Update
Internet Security Intelligence Briefing - November 2005
Find out the latest trends in e-commerce, web usage & the latest threats from adware/Spyware

Phorm, Webwise and OIX
- BCS Security Forum

'The Any Era has Arrived, and Everyione has Noticed' - Stratton Sclavos - VeriSign
Identity Security - Time to Share
Malicious code threats - iDefense
Public Alerts - updated as they happen from
Public Alerts - updated as they happen from Websense
Public Advisories - updated as they happen, from iDefense
Phoraging - Privacy invasion through the Semantic web: a special report by Mike Davies of VeriSign

Privacy Laws & Business International E-news, Issue 57
Privacy Laws & Business UNited Kingdom E-news, Issue 60

Security Reviews
February 2007 - VeriSign Security Review
The security review archive is here

Case Studies
Finance Industry
Case Study Example

A case study on a Finance industry company.

White Papers
VeriSign® Intelligent Infrastructure for Security
VeriSign® Intelligent Infrastructure: An Overview
Identity Protection Fraud Detection Service - description of the service
Life of a Threat - Video on Threat Management Lifecycle
Optimizing Enterprise Information Security Compliance - Dealing with all the audits
For a full list of all whitepapers, visit our Whitepaper library

Legal Notices
Privacy Policy
Terms of use

basel 2 sarbanes oxley
data controller notification binding corporate rules BCR data transfer third countries third part data transfer basel 2 regualtor regulation regulate FSA banking network security RSA encryptin algorithm Bits sacked bank staff
Blogs compliance Reports compliancy Legislation Data Protection Case Studies data privacy White Papers data protection act News information commissioner Events security standards Links information security iDefense
Retail Solutions

MiFID - the Markets in Financial Instruments Directive

compliance and privacy

Current News Updates

MiFID - the Markets in Financial Instruments Directive

Sarbanes Oxley; Basel 2. Both huge budgetary issues for the CIO and the Compliance Officer, and, as the Compliance and Privacy poll says are important to all but 24% of the respondents here:

"How Important are These for Your Business?"

And emerging alongside these is the MiFID, which, if the European Parliament has its way, will be delivered inside two years. And this régime has swingeing penalties for failure to conform and will dwarf the budgetary impact of SOX and Basel 2 put together

"If you want to be one of the winners, start managing IT as if you need to be personally accountable for everything that enables your firm to make money," said P J Di Giammarino, co-chair of the MiFID IT Working Group, in a major article in Computer Weekly on 22 November 2005. and he cited the consequences of failure to conform. Being sued is the least of the worries, because the evolving European regulation carries the threat of jail for anyone held accountable for serious mismanagement.

MiFID is a major change to financial markets. It introduces a single European securities market for all financial instruments. And that means that CIOs are facing huge changes. And MiFID has 73 articles to understand, embrace, comply with and implement systems for. It requires properly documented processes for organisational structures, controls, business continuity plans and reporting lines, and these documents must be available to relevant interested parties. Best Practice is becoming mandatory, and this is being spread across all business silos.

According to Chris Skinner of Towergroup only a very few banks are planning for MiFID by introducing the necessary flexible and service oriented architectures. He went on to say that the CIOs of investment banks could face a current bill of £13m each. This is a huge burden, effectively the price of contuinuing to trade, and tghere are human resources costs, too.

Immediate effects are also likely to be a staffing headache, with expert staff being courted by many potential employer and a need to backfill as staff move. this will spread to more than the directly MiFID affected organisations. Non specialist staff in well ordered corporations, even those not in the finance sector will be in demand to fill the seats of those who move on. MiFID is as big a change as the deregulation of the financial markets was at the end of the 20th century

Read on for a TowerGroup analysis

Discuss this article


This site is independent of all its sources
The contents of the site are sourced from across the industry. All copyrights are acknowledged.