The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

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.

Related content

WEBINAR

Recorded Webinar: Adverse media screening – how to cut exposure to criminal activity, from money laundering to human trafficking

Screening for adverse media coverage of counterparties presents an incredible opportunity for financial institutions to limit risk exposures and identify bad actors early. It is required by regulations such as the EU’s sixth Anti-Money Laundering Directive (AML 6), and is one of the most effective ways to steer clear of potential connections with sanctioned activity...

BLOG

Sponsored Blog: The Complexities of Shareholding Disclosure

Complex shareholder disclosure regulations, especially where assets are held across jurisdictions, can quickly translate into a significant headache for asset managers and institutional investors alike. Secure access to the right data and analytics can mean the difference between compliance and a breach of regulations. About shareholding disclosure Shareholding disclosure regulations have been designed to protect...

EVENT

Data Management Summit London

Now in its 12th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...