Markets in Financial Instruments Directive II (MiFID II) continues to pose major challenges as financial institutions build compliance programmes designed to manage huge volumes of data required by the regulation while waiting for final technical and implementation standards from the European Securities and Markets Authority (ESMA).
The implications of MiFID II for data management – the regulation must be implemented despite the UK vote to exit the European Union – were discussed during a recent A-Team Group webinar. The webinar was moderated by A-Team editor Sarah Underwood and joined by Naomi Clarke, an independent consultant at The Process Transformation Company; Tim Lind, global head of financial regulation solutions at Thomson Reuters; and Jacob Gertel, senior project manager legal and compliance at SIX Financial Information.
