Structured products & derivatives forum 2017: key takeaways

Author: Amélie Labbé | Published: 14 Jun 2017

Key regulatory developments Mifid II & Emir

Mifid II is a huge and complex piece of regulation, which is expected to bring about increased complexity and tremendous compliance costs – for instance, personal attestation and reporting of transaction data are two issues that are being hotly discussed now;Within large organisations, complexity always seems to go up: the trade reporting obligation covered a few pieces of data sent to the host regulator but under the Mifid regime, there are 65 fields of data which need to be reported to the home regulator. It’s expected there will be significant reliance on automated reporting mechanisms;There is an inherent contradiction in the Mifid regime: the obligation to provide best execution combined with the need to trade instruments on a venue recognised under EU rules (or a non-EU venue recognised as equivalent). The current third party regime is poor – it’s a highly political issue...



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