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Same Day Affirmation Could Save Europe Up to €400m, Says Omgeo and Oxera »

The automated same day affirmation (SDA) of trades could save European financial institutions between €100 million and €400 million, according to a study by economics consultancy Oxera and post-execution trade management solutions provider Omgeo. These savings could be realised as a result of a reduction in operational costs and costs related to trade failures.

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Fines on Cards for Most Firms as Survey Shows Under a Third Have Co-ordinated MiFID Plan »

A remarkable 95 per cent of investment firms “expect” MiFID-related fines in 2008, with penalties for non-compliance potentially reaching €50 million or even more, a survey has found.

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Level 2 Measures Offer Up Clarification on Broad Swathe of Implementation Issues »

The publication of the Level 2 implementing measures for MiFID earlier this month contained no major surprises, most commentators agreed. It did, as expected, however, offer clarification around certain key concerns with respect to implementation, and was widely praised for its more pronounced lean toward ‘directive’ rather than ‘regulation’, offering less room for confusion later when the measures are finally implemented.

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