SunGard is promising a series of workshops across Europe to help customers get ready for the Markets in Financial Instruments Directive (MiFID). The workshops are aimed at helping SunGard customers work together to define technology requirements for MiFID, says SunGard. The workshops will take place in the autumn in Belgium, France, Germany, Greece, Italy, Spain, Sweden and the UK.
Bob Fuller, IT director at Dresdner Kleinwort Wasserstein, says he thinks SunGard is taking the right approach to MiFID. “Any software vendor claiming to have a MiFID compliance solution has not fully understood MiFID’s implications,” he says. “Tier 2 and Tier 3 banks approaching MiFID in isolation face a daunting task, in a very short time frame. The wise thing to do would be to take a more collaborative approach.”