The first article of the “Day in the Life” series, sponsored by RegTek Solutions, explores the day-to-day of Compliance Officers – and is part 1 in a series of articles.
Alan McIntyre and Andy Green published in Markets Media, “Collateral damage in the EMIR RTS Rewrite.”
MiFID II’s pre- and post-trade reporting rules are detailed and specific by asset class or sub-class, and firms will require an integrated, data-driven decision process at the front end to have any chance of achieving compliance. But many firms don’t have the technology or processes required to meet the regulations, and they will be looking for support from vendors in the form of new data services, outsourced expertise and software tools.
ESMA published its draft RTS for MiFID II/MiFIR. It will translate how legislation will apply in practice to market participants, market infrastructures and national supervisors.