Markit (Nasdaq: INFO), a world leader in critical information,
analytics and solutions, today announced a strategic alliance with Deloitte
to address MiFID II regulatory challenges. This combined offering
leverages IHS Markit's Outreach360 solution and Deloitte's (News - Alert) regulatory
business advisory expertise via a managed service.
IHS Markit and Deloitte will offer customers a total solution for
navigating MiFID II data standardization, client outreach and
counterparty terms of business repapering. Outreach360 provides a
centralized tool to create, send and track status of regulatory client
outreach communications while leveraging the existing network available
on Counterparty Manager by IHS (News - Alert) Markit. Deloitte brings a wealth of
advisory consulting expertise including MiFID II knowledge along with a
managed service capability to address large-scale remediation.
"Financial institutions view MiFID II as a top priority and are
investing in large, multi-stream programs to get ahead of changes," said
Hugo Morris, Partner for the Deloitte Managed Risk Services practice.
"By working together, Deloitte and IHS Markit can immediately help firms
prepare for the pending January 2018 deadline, establishing proven
outreach strategies developed by industry participants."
"As a technology provider, we understand the right mix of dedicated
resources, quality data and advanced systems are essential for client
outreach and repapering," said Darren Thomas, managing director and head
of Counterparty Manaer at IHS Markit. "Through trusted resource
planning support from Deloitte and a powerful digital platform like
Outreach360, firms will be able to take a holistic approach to
successfully meet the challenges associated with MiFID II compliance."
As key players in the regulatory industry, IHS Markit and Deloitte both
lead independent working groups with subject matter experts focused on
MiFID II best practices. This collaboration is one of many industry
partnerships and is not solely exclusive to IHS Markit and Deloitte.
IHS Markit has over a decade of experience in providing regulatory
solutions for financial services and currently offers a suite of
products to address MiFID II challenges. For additional information on
IHS Markit MiFID II solutions, please visit: https://www.ihs.com/solutions/mifidii.html.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (Nasdaq: INFO) is a world leader in critical information,
analytics and solutions for the major industries and markets that drive
economies worldwide. The company delivers next-generation information,
analytics and solutions to customers in business, finance and
government, improving their operational efficiency and providing deep
insights that lead to well-informed, confident decisions. IHS Markit has
more than 50,000 key business and government customers, including 85
percent of the Fortune Global 500 and the world's leading financial
institutions. Headquartered in London, IHS Markit is committed to
sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its
affiliates. All other company and product names may be trademarks of
their respective owners © 2017 IHS Markit Ltd. All rights reserved.
About Deloitte (www.deloitte.com)
In this press release references to Deloitte are references to Deloitte
LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche
Tohmatsu Limited ("DTTL"), a UK private company limited by guarantee,
whose member firms are legally separate and independent entities. Please
for a detailed description of the legal structure of DTTL and its member
The information contained in this press release is correct at the time
of going to press.
Member of Deloitte Touche Tohmatsu Limited.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170619005675/en/
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