How are your competitors handling the impending regulation shake-up brought by MiFID II?
The new Markets in Financial Instruments Directive (MiFID II) will have far-reaching impact. It aims to reduce systemic risk, strengthen financial stability through greater transparency and improve investor protection.
So how are the businesses affected dealing with the impending changes to regulation? Anyone involved in high frequency trading, capital markets, asset management or commodity trading should be getting set for implementation in around 18 months’ time.
Some of them have told us how they’re getting on:
- Many believe the majority of their expenditure in 2017 will be on meeting regulatory requirements – some estimate that will be over £20m
- Many firms are bringing in help from outside – with transaction reporting the focal area
- Most think senior management are engaged and ready for the changes.
Pre-register for the report, due for release in early July, to find out more about the impact of MiFID II and how we could help you make sure you’re ready.