Introduction
to MiFID
MiFID @ Oracle Qualitative
Assessment of the Information Management Challenges
There has been much quantitative speculation on
the IT implications and costs of MiFID compliance.
Much of this speculation has been fuelled by the
talk of the 'blizzard of data' and 'data management
bonanza' in press articles and industry journals.
However, one common theme is that information
- how to manage it, use it, share it and protect
it - appears to be at the very core of the MiFID
agenda. Industry and professional associations
have done much to improve our understanding of
this quantitative assessment as a measure of MiFID
readiness (ref: MiFID
Readiness Survey - pdf 626kb).
Oracle's approach has been to
complement this work by conducting a qualitative
assessment of the information
management challenges presented by MiFID.
Not surprisingly, this assessment demonstrated
that these challenges are not confined to increased
data volumes. Indeed, six key data management
challenges were identified - Volume, Latency,
Lifecycle, Quality, Orchestration and Access.
For any firm, the respective criticality of these
challenges is dependent on the applicability of
specific MiFID provisions and the flexibility
of existing information management architectures.
Industry
Engagement
Oracle is actively engaging in information management
consultation processes resulting from MiFID. This
includes thought leadership on the data management
challenges and contribution to industry and professional
associations such as the MiFID JWG and JWG-IT,
as well as impact analysis on existing and proposed
customer projects.
Oracle has also established
the MiFID
Partner Community that aims to build on the
work of industry and professional associations
and includes a number of proactive services and
activities such as workshops, research, marketing
and business development - all with the aim of
delivering market-led
solutions.
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