Brian Lynch, CEO of Risk Focus, was quoted by Asset Servicing Times in a feature on the potential delay in MiFID II implementation.
Lynch says that “the idea of a delay is welcome”, even though Risk Focus’s product is geared towards helping firms meet the tight deadlines for complying with the reporting, reconciliation and transparency aspects of MiFID II. Through his own contact with the industry, Lynch predicts that institutions will embrace a deadline extension.
“For us it is bitter sweet—a certain level of urgency can help our sales process, but for our clients the pressure has been reduced.”
Read the whole article here on page 10.