€śWe had planned to launch the enhanced system at the end of February, however further work is required to ensure the system will deliver the surveillance tool we need. The Committee of European Securities Regulators (CESR) had originally wanted each competent authority (CA) to collect this information and share relevant reports with other CAs by November 2008, one year after MiFID went live. These codes are commonly used to identify the banks involved in an international wire transfer. Other Codes
Other codes that you may see are BSB, Sort Code, ABA Routing Number, Clearing Code or National Clearing Code.
There you need specific bank and its code, before you include the branch and beneficiary account information so the funds can be sent.
This is with a view to ensuring entity data is consistent across the MiFID compliant landscape and the regulator is able to identify each firm correctly.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| Italy | Firenze | Cofimedit | Cofimedit | COFMIT31XXX |