Five years may seem a while away, but what about 100 days? That's how long investment banks and exchanges have to make their final preparations for the EU's Markets in Financial Instruments Directive. But only half are feeling confident about meeting the 1 November deadline.

Editor's highlights

Three must-read articles on Computerworld UK this week:

Olympics demand fuels rise in IT contractors in engineering

IT contractors in engineering up 60% in 12 months

Friends and Resolution agree merger and spell out IT integration challenge

Resolution outsourcing deal with Capita 'unaffected'

Philips signs multi-year deal with Infosys

Contract will see 1,400 Philips staff move to Infosys

Readers' choice

CSC to buy iSoft division working on key NHS system

Lorenzo system will pass to key health service contractor in iSoft carve-up

Royal & SunAlliance uses Google search

Employee search times already coming down, claims insurer

Southampton agrees controversial Capita partnership

But no confirmed price tag on 10-year deal

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Join the discussion and debate on our leading stories...

"I think it is fair for the EU to place boundaries around what a company may do with private data. In France, for example, we follow the very strict privacy law that prevents us from storing any personal information that can be traced back to the individual."

From: Microsoft and pressure Google on privacy

Digging deeper: Security

Businesses 'struggling to cope' with PDF and image spam

Problem emails undetected by spam filters

Microsoft: We patch faster than Apple, Novell and Red Hat

Claims based on counting 'days of risk'

Hackers build new Trojans with online 'construction kit'

Tool kit costs £500 and comes with instruction manual.

Spammers turn to Excel attachments

Pump-and-dump scams take on a new form

Digging deeper: MiFID

Half of firms still behind on MiFID

Finance firms still lag in MiFID preparation

Compliance and risk; is there an easier way?

Firms fail to take a clear approach to governance, risk and compliance

Finance firms fear Mifid as implementation date looms

Less than five months to go...

Digging deeper: Offshoring

Offshoring can create, not cull, UK jobs

Reports of the demise of IT jobs due to offshoring are premature

Political risks affect Pakistan's offshoring potential

In the world of offshoring, Pakistan doesn't get much attention

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