SunGard Announces Collaborative Approach To Meeting MiFID Requirements At Its Annual European Customer Conference In Barcelona.BARCELONA -- At its annual European customer conference in Barcelona today (http://www.sungardeuropa.com), SunGard announced that it will hold a series of in-depth workshops across Europe to help customers get ready for the Markets in Financial Instruments Directive The Markets in Financial Instruments Directive (MiFID) will introduce a single market and regulatory regime for investment services across the 30 member states of the European Economic Area (the 27 Member States of the European Union plus Iceland, Norway and Liechtenstein). (MiFID). The workshops are aimed at helping SunGard customers work together to define technology requirements for MiFID. The workshops will take place in the autumn in Belgium, France, Germany, Greece, Italy, Spain, Sweden and the UK. Addressing more than 900 attendees at SunGard Europa, Harold Finders, group chief executive officer of SunGard's European business, said: "We want to work with you on MiFID because we need to tackle this together. It is not as simple as providing you with a MiFID compliance solution. We believe the best way for you to seize the opportunity that MiFID offers is to work with each other and share requirements, rather than every financial institution duplicating each other's work. We want to help facilitate a collaborative approach." Bob Fuller, IT director at Dresdner Kleinwort Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001. Headquartered in London and Frankfurt and with an international network including offices in the financial centres of New York and Tokyo, Dresdner Kleinwort provides a wide range Wasserstein, said: "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. Tier 2 and Tier 3 banks approaching MiFID in isolation face a daunting daunt tr.v. daunt·ed, daunt·ing, daunts To abate the courage of; discourage. See Synonyms at dismay. [Middle English daunten, from Old French danter, from Latin task, in a very short time frame. The wise thing to do would be to take a more collaborative approach." Other general session speakers at SunGard's largest ever customer event in Europe, included Alberto Giovannini, renowned for his work on clearing and settlement; Angela Knight For the author Angela Knight go here Angela Knight(author) Angela Ann Knight (born 31 October, 1950) is a British Conservative politician. Knight was educated at Bristol University and became an engineer. , chief executive officer of APCIMS APCIMS Association of Private Client Investment Managers and Stockbrokers ; David Blair David Blair is the name of:
Please [ improve this article] or discuss the issue on the talk page. policy unit at the internal market directorate, European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community . For more information and photographs from the event, go to www.sungardeuropa.com About SunGard With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com. Trademark Information: SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders. |
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