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Media Releases
2006

08 December
2006

Markets in Financial Instruments Directive (MiFID) and Technology Press Briefing

Shepherd and Wedderburn has played host to a press event organised by software company Oracle in its London office.  The briefing to financial and technology journalists related to the Markets in Financial Instruments Directive (MiFID) due to be finalised in the UK by the end of January 2007 and coming into effect across all EU Member States by 1 November 2007.  MiFID, which has been described as "bigger than Sarbanes Oxley and Y2K combined", aims to establish a genuine single European market in investment services and will have a major impact on financial services firms with many needing to overhaul their information systems to deal with the new regulatory regime.

Nigel Matthews, Oracle's Business Development Director for Financial Services gave a presentation along with Kenny Mullen of the Media and Technology team and also PJ Di Giammarino, Chairman of the MiFID Joint Working Group-IT, a leading MiFID think tank.

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