About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

A-Team Webinar Discusses Practical Considerations of MiFID II Compliance

Subscribe to our newsletter

The lack of final rules for Markets in Financial Instruments Directive II (MiFID II) is holding back implementation, but is only one of many problems faced by firms within the scope of the regulation. Other challenges include the regulation’s requirements in relation to non-equity instruments, particularly bonds, algo and high frequency trading, best execution, transparency, reporting and investor protection.

These and other challenges presented by MiFID II were discussed during a recent webinar hosted by A-Team Group and sponsored by Itiviti. A-Team chief content officer Andrew Delaney moderated the webinar, titled MiFID II – Practical Considerations for Gainful Compliance, and was joined by expert panellists Christer Wennerberg, vice president of market structure strategy at Itiviti; Kerstin Hermansson, managing director of the Swedish Securities Dealers Association; and Chris Pickles, an independent consultant.

The panel agreed that the list of MiFID II challenges is long and difficult to address as a result of delays in the publication of final Level 2 regulatory technical standards by the European Securities and Markets Authority (ESMA). It also agreed that the postponement of MiFID II compliance from January 2017 to January 2018 still presents a tight deadline, but should ease the implementation burden once final technical standards are available. Further delays for national governments to implement MiFID II were not ruled out.

The broad reach of MiFID II compared to that of its predecessor MiFID I brings many more trading firms into scope. Considering this aspect of the regulation, panel members noted that small and medium-sized firms may find compliance very expensive and suggested there is likely to be consolidation in the market, along with greater concentration on large trading firms.

To find out more about:

  • Requirements of MiFID II
  • Effects on different asset classes
  • Changes to market structure
  • Data management challenges
  • Approaches to compliance

Listen to the A-Team Group webinar here.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Market data in the cloud

Date: 8 December 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Over the past several years, the topic of market data in the cloud has been hotly debated – latency has been an issue, which data to put in the cloud has been discussed, and lines have been drawn. But...

BLOG

ING Makes Strategic Investment in OpenFin

ING Ventures, the venture capital arm of ING, has made a $10m strategic investment in OpenFin, the operating system of enterprise productivity, becoming the 7th major financial institution to not only buy OpenFin but also become a strategic partner. ING adopted OpenFin’s technology in 2021 to accelerate the bank’s desktop transformation strategy. Employees now have...

EVENT

TradingTech Insight Briefing New York

TradingTech Insight Briefing New York will explore how trading firms are innovating and leveraging technology as a differentiator in today’s cloud and digital based environment.

GUIDE

Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...