The modern business world is reliant upon computers; the thought of even a temporary inability to access information technology can cause stress, let alone the possibility of extended downtimes, theft of information, and possible permanent loss of data due to cybercrime.
MiFID II will have significant impact on how financial firms and banks do business, from offerings and products, to governing and reporting. Smart businesses will take advantage of the extra months due to the recent postponement and push ahead with their own transition development plans.