With the implementation of MiFID II now just over a year away, firms face big decisions in early 2017 about how they will tackle the ambitious new transaction reporting requirements.
They must prepare to manage significant increases in data volumes under MiFID II, as reporting will be expanded to cover all asset classes and transaction reports will be extended to include many new fields. They must also consider how they will combine and maintain diverse data sets (including transaction, legal entity, personnel and reference data) throughout the transaction lifecycle.
As the countdown to MiFID II continues, new solutions to these challenges and exciting opportunities to accelerate compliance are emerging in the form of big data tools and outsourcing, to name just two examples.
- How will MiFID II transaction reporting challenge legacy data management infrastructure?
- Which data sets will be most challenging to source, cleanse and validate for transaction reporting?
- How will firms manage NPPI (non-public personal information)?
What role can outsourcing play in compliance?
- To what extent can preparation for MiFID II transaction reporting be combined with other regulatory change projects, such as FRTB?
- Max Bowie, Editor, INSIDE MARKET DATA & INSIDE DATA MANAGEMENT.
- Alicia Mellon, Assistant manager, regulatory reporting, BARINGS.
- Chad Giussani, Transaction reporint compliance lead, STANDARD CHARTERED BANK.
- Kirston Winters, Managing director, IHS MARKIT.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails