|
MiFID - How to deal with 4 Critical Reference Data Issues |
|
The aim of the Markets in Financial Instruments Directive (MiFID) is simple: to allow financial services institutions in the EU to provide their services across borders, while increasing transparency and investor protection for retail and institutional customers. Its execution is far more complicated however, involving significant detailed requirements that will affect Organisation and conduct of business of investment firms.
- Operation of regulated markets.
- New pre- and post-trade transparency requirements for equity markets.
- Creation of a new regime for 'systematic internalisers' of retail order flow in liquid equities.
- More extensive transaction reporting requirements.
In short, MiFID is designed to uphold the integrity and overall efficiency of the European financial system in a competitive global market. As a result of the emerging regulatory framework the extensives changes surrounding the way data is gathered, managed, shared and retained will have significant impact for both buy side and sell side firms. This paper sheds light on some of the data issues stirred up by the MiFID revolution and suggests four pragmatic ways of addressing those needs.
Downloadable Content
How to deal with 4 Critical Reference Data Issues(241 Kb) | | Please login or register to download |
|
|