CityCompass Research Teams With BearingPoint to Present MiFID Workshop

London, UK, 15th June 2005 – CityCompass Research, providing truly independent research into contemporary issues affecting the financial services sector, today announced that it is working with BearingPoint, one of the leading Management and IT Consultancies currently leading thinking on the securities industry implementation of MiFID, to produce the first of a series of workshops on 19th July to analyse the business and IT impacts of the Markets in Financial Instruments Directive (MiFID).

Gary Wright, the Managing Director of CityCompass Research said “MiFID is the greatest challenge for firms in the securities market since Y2K, culminating in dramatic changes in business processes and supporting technology. CityCompass Research is pleased to be working with such a prominent consultancy as BearingPoint to provide workshop delegates from many leading securities firms with an understanding of the scope and impact of MiFID and the resultant business, operational and IT challenges they will have to face”.

Alan Jenkins, head of MiFID at BearingPoint commented "I think it's vital that companies assess the impact of MiFID early to ensure they can meet the deadlines, CityCompass Research are working to raise the topic of MiFID up the corporate agenda."

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