A-Team Insight Podcasts

SmartStream RDU Presents RegTech Summit Keynote on MiFID II and the SI Regime

Peter Moss, CEO of the SmartStream Reference Data Utility (RDU), dived into the detail of systematic internalisation under Markets in Financial Instruments Directive II (MiFID II) during a keynote presentation at A-Team Group’s recent RegTech Summit in London.

He noted growing numbers of systematic internalisers (SIs) registered with the European Securities and Markets Authority (ESMA) since the SI regime became mandatory on September 1, 2018, the delay in SI rules covering OTC derivatives until March 1, 2019, and forecast numbers of SIs at around 150 mid next year.

He also considered the obligations of SIs, including determining counterparty status, pre-trade and post-trade transaction reporting, and setting up control frameworks, and said SI implementation at most Tier 1 banks is going well, while tactical approaches at other banks provide considerable opportunities for regtech vendors. In conclusion, he questioned the impact of Brexit on MiFID II and the SI regime.

Listen to the podcast to hear the complete keynote on the MiFID II SI regime.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Share article

Related content

WEBINAR

Recorded Webinar: Data management requirements for the 2018 regulatory agenda

Don’t miss this opportunity to view the recording of this recently held webinar. The 2018 regulatory agenda is probably the most onerous ever faced by financial institutions, with everything from Markets in Financial Instruments Directive II (MiFID II) to Markets in Financial Instruments Regulation (MiFIR), General Data Protection Regulation (GDPR), Packaged Retail and Insurance based Investment...

BLOG

Fortent Releases Regulatory Information Management Tool

Fortent, a provider of information and technology to the risk and compliance market, has launched Fortent Inform, a tool designed to help financial institutions streamline their management of regulatory information. As a web-based, centralized source of compliance information and analysis, Fortent Inform provides a single source for US federal and state financial regulations and related...

EVENT

Data Management Summit London

Now in its 8th year, the Data Management Summit (DMS) in London explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Enterprise Data Management Europe 2010

he US may seem to be ahead of the rest of the world in terms of championing the data management cause with the inclusion of reference data focused items in the Dodd-Frank Act, but Europe is not too far behind. Senior European level officials such as European Central Bank (ECB) president Jean-Claude Trichet have taken...