In order to be aware of the last updates of the MiFID II, we have proudly sponsored the “MiFID II Implementation Forum” that took place in London, earlier this year (28th February – 1st March). For two days the Millennium Mayfair Hotel welcomed speakers from all across the world from a variety of companies and organizations specialized on the latest changes of the European regulatory framework.
The Chairperson in this occasion was Rob Knight, currently Head of Operational Compliance at Barings. She was the one to introduce the guideline management process including customer and regulatory data so as the associated support systems to the company. Rob has a wide knowledge of the regulatory frameworks, including MiFID I & II and EMIR.
Thanks to this forum, Senior management and subject matter experts in regulatory issues came together to discuss the MiFID II implementation and learn from peers. Markets in Financial Instruments Directive II represents the regulatory frameworks that banks operating within the EU need to comply with in order to continue servicing their clients. The deadlines are set for the 3rd January 2018. These regulations tend to be complex and highly impactful across the financial services structures. For this reason, the firms are mobilising their teams to deliver the regulatory programme strategy specific to their organisation in the shortest time possible.
The wide raging spirit of the forum presented talks on very different topics. Raging from topics as “Implementing MiFID II in the UK” held by Stephen Hanks as a member of the Financial Conduct Authority (FCA); to more focussed ones such as “Examining Equity Pre- and Post- Trade Transparency Requirements Including the Impact on Dark Pools Trading Caps” held by Sam Tyfield, partner of Vedder Price.
The implementation of the regulatory programme strategy is not always easy if there is not any qualified staff in the team. Albany Beck we works with highly qualified and experience candidates, who are true MiFID II experts who can easily help our clients to comply with the regulations either from business or technology perspective.