UPDATE: Markets, Regulators Not Yet United on Mifid II
Just over a week into Europe’s new financial regulatory regime, Joanne Faulkner assess the key challenges that still lie ahead as market participants and regulators alike grapple with the data and reporting requirements of Mifid II.
The European Commission’s revamp of the Markets in Financial Instruments Directive—the pan-European capital markets regulatory framework first introduced in 2007—finally arrived on Wednesday, January 3, leaving market participants facing the daunting task of reporting more data to regulators than has ever before, notably around the requirements covering transaction reports.
Under Mifid II, the scope of these reports has expanded from 24 fields under the original rulebook to 65 fields today. The
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Wavelength Podcast Episode 141: Brexit and Blockchain and Data, Oh My
It’s a trio of problems: Mifid II’s data problem; blockchain projects stalled; and data quality issues for machine learning.
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