MIFID II – Preparing for Fundamental Regulatory Change

Big Tick

Extensive gap analysis to address all areas of risk and control deficiency

Big Tick

Creation of requirement documents (functional and non-functional)

Big Tick

Design and delivery of bespoke, tailored training materials

Big Tick

Consultative workshops across multiple work streams and business divisions

Challenge

The raft of regulation shaping financial market infrastructure is expanding, incrementally becoming more detailed and complex. A global investment bank approached us to discuss the challenges that its business was facing in regards to the implementation of multiple regulatory programmes, namely MiFID II and MIFIR. These new regulations affected the entire bank, representing considerable change across multiple organisational areas. With individual business divisions and infrastructure functions working in close collaboration to meet all MiFID II requirements, the bank needed to better understand the impact that the functional and non-functional aspects of the regulation would have upon its business, specifically within its corporate finance function.

Challenge

Solution

Impressed by our wealth of experience in regulatory change management, Albany Beck was appointed to support this specific programme of work. We built out a project team who worked closely with the bank to agree upon the project deliverables and timeframes. The project scope was incredibly complex, encompassing a multiplicity of work streams, including Best Execution, Transaction Reporting, Pre & Post Trade Reporting, Clearing, Training, Voice Recording, Record Keeping and Research. It was critical that this programme of work fed into the business’s overarching preparations for MiFID II. Our Programme Manager and his team of consultants therefore worked in close partnership with other business divisions and infrastructure functions to review the gap analysis and proposed solutions which might otherwise impact upon our own programme of work

Solution
Big Tick

Design of new product flows and processes for Sales and Trades

Big Tick

Workflow process optimisation for Sales and Trades

Big Tick

Design and delivery of bespoke, tailored training materials

Contact Us

Bea Hrubosova

Engagement Manager at Albany Beck

Bea Hrubosova