Aeriandi Study Highlights UK Financial Institutions are Unprepared for MiFID II Legislation and Unaware of Extent of Penalties

‘73% Risk & Compliance Managers in Financial Sector Admit They’re Not Aware of Penalties of up to 5 Million Euros or 10% of Annual Turnover vs 58% of IT Managers and Decision Makers’Oxford, 15 March 2017: A study of IT managers and decision makers and Risk & Compliance managers within UK financial services businesses, reveals a lack of preparation and understanding of the requirements of MiFID II legislation due to come into force in January...Source: RealWire