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 Theyre Not Aware of Penalties of up to 5 Million Euros or 10% of Annual Turnover vs 58% of IT Managers and Decision Makers Oxford.Oxford study shows managers and decision makers within these institutions have little understanding of the severity of potential penalties and are struggling to apply the legislation to their businesses. A quarter of those surveyed (22%) say that, although they feel they understand the MiFID II legislation, they are not sure how it applies to their organisation.”]

Source: https://informationsecuritybuzz.com/study-research/aeriandi-study-highlights-uk-financial-institutions-unprepared-mifid-ii-legislation-unaware-extent-penalties/